Daily Pivots: (S1) 0.9283; (P) 0.9314; (R1) 0.9333; More…. USD/CHF’s fall from 0.9459 resumes by breaking 0.9293. Intraday bias is back on the downside. Sustained break of 55 day EMA (0.9255) will target 0.9149 structural Read more…
DXY: On the weekly, prices are on bullish momentum. We see the potential for further bullish continuation from our 1st support at 97.509 in line with 78.6% Fibonacci retracement towards our 1st resistance at 99.493 Read more…
UK Gfk Consumer Confidence Index dropped from -26 to -31 in March. That’s the lowest level since November 2020. Personal Financial Situation over last 12 months dropped from -11 to -13. Personal Financial Situation over Read more…
BoJ Governor Haruhiko Kuroda told the parliament, “there’s no change now to my view a weak yen is generally positive for Japan’s economy.” He also reiterated the view that “cost-push inflation that is not accompanied Read more…
ECB Executive Board member Isabel Schnabel said yesterday that it had “left the door ajar” for more asset purchases if the impact of Russia invasion of Ukraine turn out to be much worse. “If we Read more…
Key Highlights USD/JPY rallied above the 120.00 resistance zone. A connecting bullish trend line is forming with support near 121.00 on the 4-hours chart. EUR/USD is now trading well below 1.1120, and GBP/USD faced sellers Read more…
A simple visual of the daily chart of any of the commodity currencies vs JPY is just too compelling and the counter-trend traders are stepping in to fade this move. I won’t critique that judgement, Read more…
Key insights from the week that was. The key release for Australia this week was not a data point but a preview, with Westpac Economics outlining our expectations for Budget 2022, brought forward to March Read more…
Last week’s FOMC meeting delivered a 25bp rate hike and a clear signal that balance sheet normalisation will begin in Q2. The surprise for us was the Committee’s decision to narrow their focus for policy Read more…
Spot natural gas trades at 7 week high Natural gas prices are trading up 4% so far today and are at the highest level since early February. Putting this into context spot natural gas prices Read more…