Daily Pivots: (S1) 1.3431; (P) 1.3478; (R1) 1.3511; More… GBP/USD’s fall resumes by breaking 1.3435 and intraday bias is back on the downside. As noted before, rebound from 1.3158 could have completed at 1.3748 already. Read more…
Swiss trade surplus came in at CHF 3.69B in December, below expectation of CHF 5.23B. For 2021 as a whole, exports rose 15.2% to a new record high at CHF 259.5B. Imports rose 10.1% to Read more…
Germany Gfk Consumer Sentiment for February rose 0.2 pts to -6.7, better than expectation of -8.0. In January, economic expectations rose from 17.1 to 22.8. Income expectations rose from 6.9 to 16.9. Propensity to buy Read more…
Short Term Elliott Wave view in USDCAD suggests that rally from October 20, 2021 low is unfolding as a zigzag Elliott Wave structure. Up from October 20 low, wave (A) ended at 1.2963 and pullback Read more…
In a reversal of roles, Australian Q4 CPI data released earlier this week has proved to be a reliable predictor of inflation in New Zealand, as annual inflation in New Zealand accelerated to a 30 Read more…
Jerome Powell didn’t really sooth investors’ nerves at yesterday’s policy statement. He said that the Federal Reserve (Fed) won’t refrain from back-to-back rate hikes to get the inflation situation straight. His words sent the US Read more…
Market movers today Markets will continue to digest yesterday’s FOMC message and watch out for Russia-Ukraine headlines, amid a light data calendar in Europe. US Q4 21 GDP figures are released and we expect them Read more…
Daily Pivots: (S1) 1.1216; (P) 1.1263; (R1) 1.1291; More… EUR/USD’s fall from 1.1482 accelerates lower today and intraday bias remains on the downside. Firm break of 1.1185 support will resume larger down trend from 1.2348. Read more…
Investor sentiment was basically destroyed by more hawkish than expected Fed Chair Jerome Powell. US stocks reversed earlier gains and closed mixed. But futures are already pointing to a gap down open today. Major Asia Read more…
Gold dropped sharply overnight following broad based Dollar strength. The development now raises the chance that rebound from 1752.32 has completed with three waves up to 1853.70 Immediate focus is now on 1805.59 support. Firm Read more…