AUD/USD is moving higher and might surge if it clears 0.6610. NZD/USD is also rising and could extend its increase above the 0.6110 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today Read more…
The Japanese yen is drifting on Friday. In the European session, USD/JPY is trading at 147.80, up 0.10%. Tokyo Core CPI falls to 1.6% Tokyo Core CPI reached a significant milestone today, falling to 1.6% Read more…
USDCAD battles with 200-day SMA Holds above downtrend line But momentum indicators show weak signals USDCAD is holding above the medium-term ascending trend line and is moving back and forth from the flat 200-day simple Read more…
WTI crude oil has started to evolve into a short-term uptrend phase reinforced by the recent liquidity infusion by China’s central bank, PBoC upcoming 50 bps cut on the RRR. The current 5-day rally of Read more…
ECB Governing Council member Martins Kazaks emphasized a cautious approach to reducing interest rates in an interview with BloombergTV. He acknowledged that while a downward adjustment in rates is anticipated, the ECB should not hasten Read more…
Markets ECB president Lagarde’s “I stand by the comments made in Davos” did little to impress markets. They even interpreted it the other way around as if the ECB chair went slightly off-script at the Read more…
In focus today US December Private Consumption Expenditures (PCE) data will be released today. Strong holiday spending and modest inflation suggest that real consumption volume continued to grow at a solid pace. On the inflation Read more…
Consumer sentiment in Germany has taken a substantial downturn, reaching its lowest level since March 2023. The Gfk Consumer Sentiment Indicator for February sharply declined from -25.4 to -29.7, faring worse than the anticipated -24.3. Read more…
The EURUSD traded south yesterday, as the European Central Bank (ECB) Chief Christine Lagarde reckoned that growth and inflation are slowing, while insisting that the rate cut decision will be data dependent. The pair cleared Read more…
US economic data continues to point to an economy that’s doing very well despite the various headwinds including very high interest rates. GDP data for the fourth quarter easily exceeded expectations, rising 3.3% on an Read more…