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…
Daily Pivots: (S1) 1.2478; (P) 1.2521; (R1) 1.2556; More… Intraday bias in USD/CAD remains neutral and outlook is unchanged. Further fall is expected as long as 1.2619 support turned resistance holds. Current development argues that Read more…
Daily Pivots: (S1) 114.34; (P) 114.70; (R1) 114.95; More… Intraday bias in USD/JPY remains neutral at this point. Corrective pattern from 116.34 is expected to extend with at least another falling leg. On the downside, Read more…
Daily Pivots: (S1) 0.9144; (P) 0.9161; (R1) 0.9191; More…. Intraday bias in USD/CHF remains neutral for the moment. On the downside, firm break of 0.9084 support will argue that choppy rise from 0.8925 has completed. Read more…
Daily Pivots: (S1) 1.3561; (P) 1.3611; (R1) 1.3650; More… GBP/USD is still in the pull back from 1.3748 and intraday bias remains neutral for the moment. While deeper fall cannot be ruled out, downside of Read more…
Daily Pivots: (S1) 1.1288; (P) 1.1355; (R1) 1.1394; More… EUR/USD’s fall from 1.1482 accelerates lower today and focus is now on 1.1284 support. Outlook is unchanged that rebound from 1.1185 is seen as corrective move. Read more…
Dollar is trying to extend near term rebound with help from surging treasury yields and risk-off sentiments in stocks. But Canadian Dollar is still outshining slightly, as support by oil price rally. Aussie and Kiwi Read more…