Daily Pivots: (S1) 0.9733; (P) 0.9761; (R1) 0.9814; More… Intraday bias in USD/CHF stays on the upside and outlook is unchanged. Further rally is in favor to retest 1.0063 high first. Firm break there will Read more…
It may be The Day of the year for the European Central Bank (ECB). The ECB will reveal its latest economic projections, which will show the implications of the Ukrainian war on the economy, and Read more…
Market movers today Today’s highlight is the ECB meeting where we expect a formal end to the APP programme. Discussion will focus on the possibility of ECB could move by 50bp at a later stage. Read more…
Inflation. The chop-fest range trading beguiling currency, bond, and equities markets in the US this month continued overnight. Overnight, New York decided that it was in fact worried about inflation, having dismissed it the day Read more…
Daily Pivots: (S1) 133.05; (P) 133.76; (R1) 134.97; More… USD/JPY is retreating mildly but intraday bias stays on the upside. Current up trend should target 61.8% projection of 114.40 to 131.34 from 126.35 at 136.81. Read more…
Yen is recovering slightly in Asian session today, digesting recent steep selloff. The climax selling is temporarily past as focuses turn to ECB policy decision today and US CPI tomorrow. Euro is trading mixed for Read more…
ECB policy decision and press conference are the major focuses of the day. The central bank is widely expected to announce the end of net asset purchases after this month. That would set the stage Read more…
In the new economic forecasts, British Chambers of Commerce projected that UK inflation rate will reach 10% in Q4 this year, “comfortably outpacing average earnings growth”. That would be the highest since CPI records began Read more…
IMF Japan mission chief Ranil Salgado said Yen’s recent movements “reflect fundamentals”, adding, “we see both positive and negative effects in yen depreciation.” He noted that risks to inflation in Japan are on the upside. Read more…
DXY: On the H4, with RSI moving in a descending channel, we have a bearish bias that price will drop to our 1st support at 101.668 where the horizontal swing low support and 78.6% fibonacci Read more…