Daily Pivots: (S1) 165.48; (P) 165.84; (R1) 166.49; More… Intraday bias in GBP/JPY is back on the upside with break of 166.38 resistance. Rise from 155.33 is resuming and further rally should be seen to Read more…
GBP/USD rises ahead of US inflation data, BoE’s Bailey IMF forecasts 0.3% contracting for UK in 2023 US CPI expected to cool to 5.2% YoY GBP/USD needs to rise above 1.2450 to extend gains GBP/USD Read more…
Market movers today The highlight of today will be US CPI for March. We look for 0.4% m/m on the core CPI, in line with consensus. It is a decline from 0.5% m/m in February Read more…
Daily Pivots: (S1) 0.9006; (P) 0.9055; (R1) 0.9081; More… USD/CHF is staying in range above 0.9005 and intraday bias stays neutral first. With 0.9118 resistance intact, further decline is expected. On the downside, break of Read more…
ECB Governing Council member Francois Villeroy de Galhau has warned of the risk of entrenched inflation yesterday, stating, “We now face the risk of entrenched inflation, which lies in the underlying or core component. In Read more…
Minneapolis Federal Reserve Bank President Neel Kashkari warned that tightening credit conditions due to banking stress and monetary policy actions could lead to an economic downturn or even a recession. He said, “It could be Read more…
Welcome to Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we are getting technical on the Read more…