AUDUSD jumped to two-week high (0.7116) in early Wednesday’s trading following release of Australian CPI data. Inflation remained elevated and unchanged in January compared to previous month (3.8%; Core 3.4% – the highest in 16 Read more…
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Eurozone CPI was finalized at 1.7% year-on-year in January, down from 2.0% in December. Core CPI, which excludes energy, food, alcohol and tobacco, was also finalized at 2.2% year-on-year, slipping from 2.3% previously. The breakdown Read more…
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GBP/USD continues to rise on Wednesday, reaching 1.3516. Following recent comments from Bank of England Governor Andrew Bailey, investors are seeking additional clarification on his decision to keep the rate unchanged at the last meeting. Read more…
The second half of February has seen the dollar index strengthen, driven by a combination of bullish factors: → A hawkish Fed stance. Minutes from the latest FOMC meeting revealed differing views on rate cuts. Read more…
EUR/USD started a fresh increase above 1.1780. USD/CHF declined from 0.7770 and is now struggling to stay above 0.7925. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro started a decent upward move from Read more…
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Daily Pivots: (S1) 208.89; (P) 209.87; (R1) 211.28; More… Intraday bias in GBP/JPY remains on the upside for the moment. Pull back from 214.98 has completed as a near term correction at 207.20. Further rise Read more…
Daily Pivots: (S1) 182.42; (P) 183.30; (R1) 184.44; More… Intraday bias in EUR/JPY stays mildly on the upside for the moment. Near term corrective fall from 187.86 could have completed at 180.78. Further rise should Read more…