The dollar index is trading near three-month high in early Wednesday, following sharp rise (0.7%) on Tuesday, sparked by higher than expected US January inflation, which cooled bets for the first Fed rate cut. Fresh Read more…
Gold price is declining below the $2,010 support zone. Crude oil price is rising and it could climb further higher toward the $80 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price Read more…
GBPUSD tests the support set by the 200-day SMA Bears are attempting a breakout from the recent trading range Momentum indicators tentatively support the correction GBPUSD is registering its second consecutive red candle as the bears Read more…
Markets Higher than expected US January inflation abruptly ended the low-volatility goldilocks context that dominated trading of late by dashing hopes that the Fed will be in a position to cut rates soon to facilitate Read more…
Uh oh! Yesterday’s inflation data from the US didn’t go smoothly down the market’s throat. Instead, the stronger-than-expected set of inflation data dashed hopes of seeing the Federal Reserve (Fed) cut rates anytime in the Read more…
Daily Pivots: (S1) 188.87; (P) 189.48; (R1) 190.50; More… Intraday bias in GBP/JPY remains on the upside for the moment. Next near term target is 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. Read more…
Daily Pivots: (S1) 0.8491; (P) 0.8513; (R1) 0.8526; More… Intraday bias in EUR/GBP remains on the downside at this point. Current fall should be part of the larger down trend and should target 0.8464 projection Read more…
Daily Pivots: (S1) 1.2549; (P) 1.2617; (R1) 1.2661; More… Intraday bias in GBP/USD remains neutral at this point. On the upside, firm break of 1.2691 resistance will affirm the case that correction from 1.2826 has Read more…
UK CPI fell -0.6% mom in January, below expectation of -0.3% mom. Annually, CPI was unchanged at 4.0% yoy, below expectation of 4.1% yoy. Core CPI (excluding energy, food, alcohol and tobacco) was also unchanged Read more…
In focus today This morning at 8:00 CET, UK inflation data for January is expected to rise in y/y terms across the headline, core and services measure. However, focus will be on the monthly seasonally Read more…