Japanese yen falls below 150 BoJ’s Tanaka urges changes to monetary policy US PCE price index falls to 2.4% BoJ’s Tanaka hints at tighter monetary policy After close to two weeks of little movement, the Read more…
AUDUSD was recovering from its lowest level since November But is on the retreat again as 200-day SMA repels advance Momentum indicators are tilted to the downside AUDUSD had been in a steady decline after peaking at Read more…
GBP/USD is attempting a recovery wave from 1.2600. USD/CAD is rising and might aim for a move above the 1.3580 resistance zone. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a Read more…
The short-term Elliott Wave View in the Nasdaq (NQ) suggests that rally from 1.5.2024 low is in progress as a nesting 5 waves impulse. Up from 1.5.2024 low, wave ((i)) ended at 18121.5 and pullback Read more…
Markets Several Fed central bankers saw confirmation in yesterday’s PCE deflators (headline 0.3% m/m, 2.4% y/y – core 0.4%, 2.8%) that rate cuts would be appropriate later this year. But a bumpy return towards the Read more…
Thank God! Yesterday’s inflation report from the US wasn’t worse than expected. The core PCE index showed that, yes, the monthly inflation rose at the highest pace in a year, but that the yearly figure Read more…
In focus today In the euro area we will get the HICP print for February. With the regional data we got yesterday (see more below) we will probably see HICP come in at 2.5% y/y Read more…
Daily Pivots: (S1) 188.67; (P) 189.75; (R1) 190.44; More…. Risk stays on the downside in GBP/JPY as long as 191.29 short term top holds. Break of 188.90 resistance turned support will extend the decline to Read more…
Daily Pivots: (S1) 162.94; (P) 163.17; (R1) 163.59; More… Risk in EUR/JPY remains on the downside as long as 163.70 short term top holds. Fall from there would extend to channel support (now at 161.06). Read more…
Daily Pivots: (S1) 0.8550; (P) 0.8560; (R1) 0.8570; More… Intraday bias in EUR/GBP stays neutral at this point. On the upside, firm break of 0.8577 will resume the rebound from 0.8497. On the downside, decisive Read more…