Daily Pivots: (S1) 1.2598; (P) 1.2640; (R1) 1.2667; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday Read more…
Daily Pivots: (S1) 0.8802; (P) 0.8825; (R1) 0.8870; More…. USD/CHF rebounded notably but stays in range below 0.8884. Intraday bias remains neutral at this point. With 0.8727 resistance turned support intact, further rally is expected. Read more…
Daily Pivots: (S1) 149.24; (P) 149.97; (R1) 150.74; More… USD/JPY rebounded strongly after brief dip to 149.20 and intraday remains neutral for now. On the upside, decisive break of 150.87 will resume whole rally from Read more…
DXY: The DXY chart maintains a bearish momentum, suggesting a potential continuation of the downtrend towards the 1st support level. The 1st support at 103.71 is significant as an overlap support, indicating its historical relevance Read more…
Key insights from the week that was. In Australia, the Monthly CPI Indicator fell 0.3% in January, leaving the annual rate unchanged at 3.4%yr. Goods prices – which constitute the bulk of the new information Read more…
China’s manufacturing sector continued its contraction for the fifth consecutive month in February, with official NBS PMI decreasing slightly from 49.2 to 49.1, matched expectations. New orders subindex remained steady at 49, indicating stagnant demand. Read more…
RBNZ Governor Adrian Orr affirmed today that the economy is “evolving as anticipated”, with inflation expectations declined. However, he reiterated inflation “is still too high”. The governor emphasized the necessity of maintaining a restrictive monetary Read more…
Japan’s PMI Manufacturing was finalized at 47.2 in February, down from January’s 48.0. This marks the ninth consecutive month of contraction, presenting the most significant downturn since August 2020. According to S&P Global, the decline Read more…
Key Highlights USD/JPY failed to clear the 150.85 resistance zone. It traded below a connecting bullish trend line with support at 150.30 on the 4-hour chart. Gold prices are moving higher above the $2,035 resistance. Read more…
BoJ Governor Kazuo Ueda reiterated that Japan has not yet achieved sustainable 2% inflation. “I don’t think we are there yet,” he said after G20 finance ministers’ meeting. A significant focus for BoJ in the Read more…