BoE Governor Andrew Bailey said at the Today Programme that the real risks is import inflation from energy and food becomes “embedded”. As firms are not struggling to raise prices, inflation would be comes worse Read more…
USDCAD shifted to the sidelines immediately after charting a new lower low at 1.2766 in the short-term picture, unable to reach the constraining 20-day simple moving average (SMA). The technical indicators state a bearish-to-neutral bias Read more…
Daily Pivots: (S1) 1.2829; (P) 1.2853; (R1) 1.2887; More… Consolidative trading continues in USD/CAD and intraday bias remains neutral. Further decline is mildly in favor with 1.2945 minor resistance intact. Below 1.2766 will resume the Read more…
Daily Pivots: (S1) 0.6940; (P) 0.6965; (R1) 0.6995; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. On the upside, break of 0.7045 will resume the rebound from 0.6680 to 0.7282 key resistance Read more…
Daily Pivots: (S1) 132.31; (P) 133.37; (R1) 133.97; More… Intraday bias in USD/JPY stays neutral at this point and outlook is unchanged. Correction from 139.37 could still extend through 130.38. But downside should be contained Read more…
Daily Pivots: (S1) 0.9522; (P) 0.9572; (R1) 0.9601; More… USD/CHF retreated after hitting 0.9650 and intraday bias is turned neutral. On the upside, break of 0.9650, and sustained trading above 55 day EMA (now at Read more…
Daily Pivots: (S1) 1.2080; (P) 1.2146; (R1) 1.2225; More… Intraday bias in GBP/USD remains neutral for the moment and further rise is in favor with 1.2062 minor support intact. Above 1.2292 will target 1.2405 resistance Read more…
The Euro started a fresh upward move above the 1.0165 zone against the US Dollar. The EUR/USD pair climbed above the 1.0220 resistance to move into a short-term bullish zone. The pair climbed above the Read more…
Key insights from the week that was. 50bp rate hikes were seen in Australia and the UK this week, with both central banks also signalling that additional tightening is likely to be required in the Read more…
EUR/USD The bulls prevailed and managed to violate the resistance at 1.0210. During the early hours of today’s session, the pair is still trading the aforementioned level and the expectations are for a test of Read more…