Market picture The crypto market capitalisation reached $1.99 trillion, according to CoinMarketCap estimates, an increase of over 10% in one week. Forbes estimates that the $2 trillion mark was reached last week. Either way, the Read more…
According to CNN, the economies of the UK and Japan entered a technical recession last week as data showed a second consecutive quarterly decline in gross domestic product. And if in the UK the economic Read more…
The dollar index edged higher in early Monday after last week’s pullback from three-month high (104.85) was repeatedly rejected just above 100DMA (103.96), generating initial signal that correction might be over. The dollar continues to Read more…
All eyes are on growth as PMI and IFO surveys are released this week The market could be looking for dovish hints at the ECB minutes Euro remains on the back foot against the pound Read more…
Gold remains in trading range in short-term Price rebounds off 1,984 MACD and RSI suggest buying interest Gold is moving higher again today, recording its third consecutive green candle after bouncing off the 1,984 support Read more…
Markets US Treasuries tested sell-off lows on Friday after January producer price inflation delivered the third upset of the week when it comes to price developments. CPI inflation and import/export prices earlier on the week Read more…
In focus today This morning we will get Swedish inflation data for January. We expect an increase in CPIF inflation to 3.2% y/y, while core inflation (CPIF excl. Energy) should fall to 4.4% y/y. This Read more…
Daily Pivots: (S1) 188.89; (P) 189.21; (R1) 189.59; More… Intraday bias in GBP/JPY remains neutral and some more consolidation could be seen below 190.05. Further rally is expected with 187.83 minor support intact. Break of Read more…
Daily Pivots: (S1) 161.53; (P) 161.74; (R1) 162.09; More… Intraday bias in EUR/JPY remains on the upside at this point. Further rise would be seen to retesting 164.29 high next. On the downside, however, below Read more…
Daily Pivots: (S1) 0.8540; (P) 0.8553; (R1) 0.8566; More… Intraday bias in EUR/GBP remains neutral for the moment and some more consolidations would be seen. On the downside, break of 0.8497 will resume recent fall Read more…