In focus today In the euro area, we receive industrial production figures for January. It will be interesting to see how actual production fared in January as soft indicators have shown improvements and the global Read more…
UK GDP expanded by 0.2% mom in January, matched expectations. Services was up 0.2% mom, and was the largest contributor to growth. Production fell -0.2% mom while construction grew 1.1% mom. In the three months Read more…
The recent significant increase of a total of 20 bps in the 2-year JGB yield since the start of the year has come in line with the highly anticipated rosy results of the annual wage Read more…
Daily Pivots: (S1) 1.3463; (P) 1.3495; (R1) 1.3522; More… Intraday bias in USD/CAD remains neutral for the moment. On the downside, break of 1.3419 and sustained trading below 1.3439 support will argue that rebound from Read more…
Daily Pivots: (S1) 0.6581; (P) 0.6610; (R1) 0.6635; More… Intraday bias in AUD/USD stays neutral at this point. Another rise will be mildly in favor as long as 55 4H EMA (now at 0.6577) holds. Read more…
Daily Pivots: (S1) 1.0904; (P) 1.0924; (R1) 1.0946; More… Intraday bias in EUR/USD remains neutral for the moment. Further rise is in favor as long as 55 4H EMA (now at 1.0892) holds. Above 1.0980 Read more…
Daily Pivots: (S1) 1.2751; (P) 1.2788; (R1) 1.2829; More… Intraday bias in GBP/USD remains neutral for the moment. Further rally will remain in favor as long as 55 4H EMA (now at 1.2755) holds. On Read more…
Daily Pivots: (S1) 0.8748; (P) 0.8772; (R1) 0.8796; More…. USD/CHF is staying in tight range above 0.8728 and intraday bias stays neutral. On the downside, sustained break of 0.8741 will argue that the whole rebound Read more…
Daily Pivots: (S1) 146.85; (P) 147.44; (R1) 148.27; More… Intraday bias in USD/JPY remains neutral for the moment, and outlook is unchanged. On the downside, sustained break of 38.2% retracement of 140.25 to 150.87 at Read more…
In today’s subdued Asian session, the currency markets saw minimal movement, with most major pairs and crosses gyrating within yesterday’s range. Japanese Yen managed to carve out modest gain, buoyed by optimistic remarks and tangible Read more…