In an interview, ECB chief economist Philip Lane pointed to the December economic projections, and said, ” inflation will fall this year, and that it will go below our 2 per cent target in 2023 and Read more…
EUR/USD The sell-off of the EUR/USD was limited to the level at 1.1315 and the bulls took back control over the market. During the early hours of today`s trading, the European common currency is still Read more…
AUDUSD attempts rebound The Australian dollar bounces back over strong retail sales in November. The pair saw bids near a previous trough (0.7130). The RSI’s double-dip into the oversold area attracted some traders in taking Read more…
The Nasdaq 100 index sell-off persisted on Monday as US bond yields continued rallying. The tech-heavy index declined by over 300 points, pushing it to a correction territory. Other indices like the Dow Jones and Read more…
Markets Yesterday started with a continuation of last week’s trading dynamics but ended quite differently. European equities slipped about 1.5%. Wall Street in early trading recorded losses as deep as 2.7% for the Nasdaq before Read more…
Daily Pivots: (S1) 0.7148; (P) 0.7176; (R1) 0.7202; More… Intraday bias in AUD/USD remains neutral as range trading continues. On the downside, break of 0.7081 support will indicate that corrective rebound from 0.6992 has completed Read more…
Daily Pivots: (S1) 1.2623; (P) 1.2661; (R1) 1.2711; More… Intraday bias in USD/CAD stays neutral and outlook is unchanged. On the downside, firm break of 1.2619 support will complete a head and should top pattern Read more…
Daily Pivots: (S1) 155.82; (P) 156.60; (R1) 157.24; More… Intraday bias in GBP/JPY stays neutral, but further rally is expected as long as 154.86 support holds. Decisive break of 158.19 high will resume larger up Read more…
Daily Pivots: (S1) 130.00; (P) 130.69; (R1) 131.21; More…. Intraday bias in EUR/JPY remains neutral for the moment, but further rally is expected as long as 130.01 support holds. Whole consolidation from 134.11 could have Read more…
Daily Pivots: (S1) 0.8328; (P) 0.8346; (R1) 0.8361; More… EUR/GBP is trying to resume near term decline, but downside momentum is unconvincing. In any case, outlook will stay bearish as long as 0.8417 resistance holds. Read more…