USDJPY has been moving sideways over the last week, holding within the 61.8% Fibonacci retracement level of the upward wave from 114.64 to 151.93 at 128.70 and the 131.20 resistance level. The pair exited from Read more…
The FTSE 100 treads water ahead of major central bank decisions. The RSI’s double top in the overbought zone is a sign of overextension and the index needs to consolidate after reclaiming last year’s top Read more…
The New Zealand dollar dips as the Q4 unemployment rate disappoints. The pair has been grinding the recent of 0.6530 without success and a break below 0.6440 may prompt some bulls to look for the Read more…
The Canadian dollar recouped losses after November’s GDP beat expectations. On the daily chart, the pair is still in a flag consolidation. A break above the previous resistance of 1.3400 eased some pressure but was Read more…
Markets The build-up to a Fed decision usually brings lackluster trading. This time around, things might be different. For starters because of the January EMU CPI release. Spanish and Belgian data on Monday triggered a Read more…
Weak economic data ran to the rescue of the equity bulls on Tuesday. The Federal Reserve (Fed) President Jerome Powell will be thrown to the spotlight today, to potentially shoot a couple of doves down Read more…
Market movers today The main event today will be the FOMC meeting. Anything but a 25bp hike would be a major surprise, and the focus will be on guidance about the terminal rate level. We Read more…
Fed is widely expected to continue to slow down its tightening pace today, and raise interest rate by 25bps to 4.50-4.75%. The accompanying statement should clearly indicate that the work is not done yet on Read more…
Credit: Edgar Cervantes / Android Authority Peacock has reportedly stopped offering the free tier to new subscribers. The free tier is still available to existing subscribers, though. Peacock is one of a few big-name video Read more…
China Caixin PMI Manufacturing ticked up from 49.0 to 49.2 in January. Caixin noted there were softer falls in output and new orders. Supply chain pressures eased. Confidence around the outlook hit the highest level Read more…