ECB President Christine Lagarde reiterated the plan to hike by another 50bps at March meeting. She added, “What comes after that will be data dependent. We will look at all numbers — inflation, obviously, labor Read more…
ECB President Christine Lagarde reiterated the plan to hike by another 50bps at March meeting. She added, “What comes after that will be data dependent. We will look at all numbers — inflation, obviously, labor Read more…
The US dollar has come off the back foot after a series of strong data and hawkish Fed talk, but is there scope for a more substantial recovery? The minutes of the Fed’s January 31-February Read more…
Daily Pivots: (S1) 133.97; (P) 134.25; (R1) 134.58; More… Intraday bias in USD/JPY remains neutral at this point. On the upside, break of 135.09 will resume the rise from 127.20 to 38.2% retracement of 151.93 Read more…
Euro FX crosses in focus following earlier European data and ahead of US and Canadian macro pointers Eurozone services PMI again topped estimates, but manufacturing remained in contraction for 8th month ZEW beat expectations for Read more…
Gold has lost more than 6.5% from its early February highs, correcting the November-January rally. Now it’s time to decide on the next trend. The coming days should show whether we will see a new Read more…
Cable jumped over one full figure and ticked above 1.21 mark on Tuesday, following upbeat Feb UK PMI data. Report from UK economy’s dominant services sector showed PMI jumping to 53.3 in February (the highest Read more…
GBPUSD has been attempting a solid recovery since September when the pair fell to an all-time low of 1.0324. However, this latest advance appears to be fading after being rejected twice at the 1.2445 region, while Read more…
It hasn’t been the most thrilling start to the week but the good news is that it should improve from here as the US rejoins and the economic calendar fills out. We were basically treading Read more…
It hasn’t been the most thrilling start to the week but the good news is that it should improve from here as the US rejoins and the economic calendar fills out. We were basically treading Read more…