Markets The new paradigm that dominates trading since the start of the year simply continued as trading resumed post Martin Luther King Day. Markets ever more see inflation as an obstacle to growth rather than Read more…
Daily Pivots: (S1) 155.23; (P) 156.07; (R1) 156.65; More… Intraday bias in GBP/JPY remains neutral first. Overall, further rise is still expected with 154.86 support intact. On the upside, decisive break of 158.19 high will Read more…
Daily Pivots: (S1) 129.27; (P) 130.23; (R1) 130.75; More…. The break of 129.59 support dampens our bullish view and indicates that rebound from 127.36 has completed at 131.59 already. Intraday bias is back on the Read more…
Daily Pivots: (S1) 0.8312; (P) 0.8345; (R1) 0.8364; More… Intraday bias in EUR/GBP is back on the downside as recent down trend is resuming. Further fall would be seen to 0.8276 key long term support. Read more…
Daily Pivots: (S1) 1.5724; (P) 1.5799; (R1) 1.5839; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support Read more…
Daily Pivots: (S1) 1.0368; (P) 1.0403; (R1) 1.0426; More…. Intraday bias in EUR/CHF is back on the downside for 1.0324 low, as corrective rebound from there should have completed at 1.0510. Firm break of 1.0324 Read more…
UK CPI accelerated to 5.4% yoy in December, up from 5.1%, above expectation of 5.2% yoy. This is the highest reading since record began in 1997. CPI core rose to 4.2% yoy, up from 4.0% Read more…
In late November, the renomination of Fed Chair Powell over Fed Governor Lael Brainard was considered a hawkish development. U.S. real yields rebounded higher, and gold wasted little time collapsing below $1800 before finding support near Read more…
DXY: On the H4 timeframe, prices are abiding to a bearish trendline and are on bearish momentum. We expect a dip from our 1st resistance at 95.895 towards our 1st support at 95.6 in line Read more…
Daily Pivots: (S1) 0.7161; (P) 0.7195; (R1) 0.7219; More… Intraday bias in AUD/USD stays neutral and outlook is unchanged. We’re still slightly favoring the case that correction from 0.8006 is complete after defending 0.6991. Above Read more…