Daily Pivots: (S1) 0.9032; (P) 0.9077; (R1) 0.9102; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. Intraday bias stays neutral for consolidations below 0.9200. Further rally is expected with 0.9007 support intact. Read more…
Daily Pivots: (S1) 1.4236; (P) 1.4377; (R1) 1.4464; More… Intraday bias in USD/CAD remains neutral as range trading continues. Further rise is expected as long as 1.4260 support holds. Break of 1.4516 will resume larger Read more…
New Zealand Dollar softened mildly today as Q4 inflation data reinforced the case for continued monetary easing by RBNZ. The central bank has ample room to swiftly bring interest rate from the current 4.25% to Read more…
Daily Pivots: (S1) 0.6224; (P) 0.6257; (R1) 0.6305; More… Intraday bias in AUD/USD stays neutral for the moment. With 0.6301 resistance intact, consolidations from 0.6130 should be relatively brief, and further decline is expected. Break Read more…
EUR/USD started a decent upward move above the 1.0350 resistance. USD/JPY is correcting gains and now consolidates below 156.00. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro found support and started a recovery Read more…
Markets The first two days of the Trump administration as expected brought an avalanche of executive orders and new initiatives to mark a seizure wit the policy from his predecessor. However, at least from a Read more…
Dutch ECB Governing Council member Klaas Knot expressed agreement with market expectations for rate cuts at the January and March meetings, saying he is “pretty comfortable” with them. However, he added it is “too early Read more…
Westpac Leading Index for Australia dipped slightly in December, moving from 0.33% to 0.25%. Westpac noted that while the growth signal remains modest, it reflects a marked improvement from the consistently negative and below-trend readings Read more…
New Zealand’s CPI rose 0.5% qoq in Q4 2024, in line with expectations, as tradeable inflation increased 0.3% qoq and non-tradeable inflation rose 0.7% qoq. Annually, CPI was unchanged at 2.2% yoy, slightly exceeding the Read more…
Consumer prices rose by 0.5% in the December quarter. That saw annual inflation remaining at 2.2%. However, core inflation has continued to ease. The result was close to expectation. Headline inflation Quarterly change: +0.5% (prev: Read more…