Daily Pivots: (S1) 150.05; (P) 150.31; (R1) 150.78; More… USD/JPY is still bounded in consolidation from 150.87 and intraday bias remains neutral at this point. On the upside, break of 150.87 will resume the rise Read more…
Daily Pivots: (S1) 0.6499; (P) 0.6517; (R1) 0.6528; More… Intraday bias in AUD/USD is back on the downside with break of 0.6486 temporary low. Retest of 0.6442 support should be seen next. Firm break there Read more…
The picture is pretty much the same through Asian and early part of European session, with the Australian and New Zealand Dollars, alongside the Canadian Dollar, persisting as the day’s underperformers. Swiss Franc has also Read more…
Gold is primed for a substantial move, second only to cryptocurrencies in amplitude but lacking their enduring strength. At the end of last week, we saw a swift technical completion of a bullish pattern. Sometimes, Read more…
Target (TGT) shares moved firmly higher in early Tuesday trading after the retailer posted better-than-expected fourth quarter earnings and hinted at the rollout of a paid membership program as it looks to boost sales and Read more…
Check back for updates throughout the trading day U.S. equity futures edged lower Tuesday, matching a modest move higher in both the dollar and Treasury bond yields, as investors looked through outsized declines in some Read more…
Eurozone PPI fell -0.9% mom, -8.6% yoy in January, below expectation of -0.1% mom, -0.8% yoy. For the month, PPI decreased by -0.2% for intermediate goods, -2.9% for energy, -0.2% for durable consumer goods, increased Read more…
UK PMI Services was finalized at 53.8 in February, down from January’s 54.3. PMI Composite was finalized at 53.0, up fractionally from January’s 52.9. Tim Moore, Economics Director at S&P Global Market Intelligence, highlighted the Read more…
EURJPY storms back higher towards 2024 peaks Momentum indicators weaken but remain positive EURJPY has been in a steady advance since December 2023, peaking at the 2024 high of 163.70 on February 27. Despite experiencing a pullback Read more…
The Japanese yen is drifting on Tuesday. In the European session, USD/JPY is trading at 150.44, down 0.05%. Tokyo rises 2.5% as expected Today’s release of Tokyo Core CPI, which excludes fresh food and is Read more…