Daily Pivots: (S1) 1.2705; (P) 1.2735; (R1) 1.2758; More… GBP/USD is staying in range of 1.2611/2826 despite today’s decline. Intraday bias remains neutral first. On the upside, decisive break of 1.2826 will resume whole rally Read more…
UK payrolled employment fell -0.1% mom, or -24k in December. Annual growth in employees fell from 1.3% yoy to 1.0% yoy. Median monthly pay increased by 6.6% yoy, up from prior month’s 6.5% yoy. Claimant Read more…
Ongoing hostilities in the Middle East region and the Red Sea shipping route have put a potential “floor” in oil prices due to the increasing risk of supply disruptions. The demand side has remained weak Read more…
I sense that the first quarter of this year will be marked by the realization that it’s too early for the central banks to cut the interest rates unless something really bad – like another Read more…
In focus today Today, focus is on German ZEW data for January and final inflation figures for December. The final HICP figures include details on inflation components that will provide important information about the underlying Read more…
Daily Pivots: (S1) 158.88; (P) 159.35; (R1) 160.10; More… Range trading continues in EUR/JPY and intraday bias remains neutral. Further rise is mildly in favor as long as 157.19 minor support holds. Firm break of Read more…
Daily Pivots: (S1) 1.6377; (P) 1.6421; (R1) 1.6486; More… EUR/AUD’s rebound from 1.6127 resumed and the break of 1.6478 resistance argues that whole correction from 1.7062 has completed. Intraday bias is back on the upside Read more…
Daily Pivots: (S1) 0.9338; (P) 0.9359; (R1) 0.9391; More… No change in EUR/CHF’s outlook as price actions from 0.9252 are seen as a consolidation pattern only. Intraday bias remains neutral and outlook stays bearish with Read more…
Daily Pivots: (S1) 1.0934; (P) 1.0951; (R1) 1.0968; More… EUR/USD is still bounded in range above 1.0876 despite today’s decline. Intraday bias stays neutral for the moment. Further fall is in favor as long as Read more…
Daily Pivots: (S1) 0.8526; (P) 0.8547; (R1) 0.8579; More…. While USD/CHF’s rebound could extend higher, overall outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8487 minor Read more…