The US dollar plunged after Fed Chairman Powell signalled a slowdown in rate hikes. A close above the recent high of 1.0450 was an encouraging sign that the optimism is still prevailing. But the psychological Read more…
Markets Yesterday, EMU November headline CPI eased more than expected from 10.6% to 10.0%, but didn’t came as a surprise after member states’ data published on Wednesday. Core inflation holding stubbornly high at 5.0% even Read more…
Swiss CPI was unchanged at 3.0% yoy in November, above expectation of 2.6% yoy. Core CPI (excluding fresh and seasonal products, energy and fuel) rose from 1.8% yoy to 1.9% yoy. Domestic product inflation rose Read more…
Oops investors did it again. They did not listen well to what Jerome Powell said yesterday. Powell said that the Federal Reserve (Fed) will slow down the pace of rate hikes from next month, while Read more…
Market movers today The main release today will be ISM manufacturing for November this afternoon. It is expected to drop below 50 from 50.2 to 49.7. Focus will also be on the price and employment components. US also Read more…
Daily Pivots: (S1) 1.0323; (P) 1.0376; (R1) 1.0462; More… EUR/USD is still bounded in range below 1.0496 and intraday bias stays neutral first. Further rally is expected as long as 1.0222 support holds. Break of Read more…
Daily Pivots: (S1) 1.1944; (P) 1.2015; (R1) 1.2130; More… Intraday bias in GBP/USD stays neutral as it’s still bounded in range below 1.2152. Further rally is expected with 1.1777 support intact. Break of 1.2152 will Read more…
Daily Pivots: (S1) 0.9409; (P) 0.9478; (R1) 0.9525; More… Sideway trading continues in USD/CHF and intraday bias remains neutral. Near term outlook will remain bearish as long as 0.9680 minor resistance holds, in case of Read more…
Daily Pivots: (S1) 137.19; (P) 138.55; (R1) 139.44; More… USD/JPY’s decline form 151.93 resumed by breaking through 137.46 temporary low. Intraday bias is back on the downside for 133.07 medium term fibonacci level next. On Read more…
Daily Pivots: (S1) 1.3355; (P) 1.3476; (R1) 1.3537; More…. Intraday bias in USD/CAD remains neutral for the moment. On the upside, break of 1.3644 resistance will affirm the case that correction from 1.3976 has completed Read more…