The American currency, having strengthened after the release of inflation data in the United States, fell sharply against almost all leading currencies yesterday. The reason for the sharp weakening of the dollar was most likely Read more…
EURUSD reclaims 200-day SMA following dovish Fed signals ECB meeting later today could spur some volatility Momentum indicators are skewed to the positive side EURUSD had been experiencing a solid downside correction from its recent three-month peak Read more…
SNB maintained its policy rate at 1.75%, aligning with widespread market expectations. This decision comes alongside a notable downgrade in inflation forecasts, which SNB now expects to remain “within the range of price stability” throughout Read more…
The Swiss National Bank is leaving the SNB policy rate unchanged at 1.75%. Banks’ sight deposits held at the SNB are remunerated at the SNB policy rate up to a certain threshold, and at 1.25% Read more…
The most hotly anticipated central bank meeting of the year did not disappoint on Wednesday, with the Fed potentially delivering this year’s Santa rally. I don’t think many will have expected the Fed to go Read more…
Short-term technical analysis suggests a potential countertrend rebound with intermediate resistance at 16,890. China’s top policymakers’ reluctance to focus on making domestic demand revival a top priority for 2024 is likely to put a damper Read more…
Markets At the final meeting of the Fed took an impressive U-turn from its 2023 approach. 2024 will be different chapter for monetary policy. The Fed left its policy rate unchanged at 5.25%-5.50%. A further Read more…
The Federal Reserve (Fed) wraps up the year with a resounding finale. The Fed is not bothered to see the US yields fall in preparation for a rate cut. On the contrary, they endorsed the Read more…
Daily Pivots: (S1) 179.30; (P) 181.22; (R1) 182.25; More… GBP/JPY’s breach of 178.58 support indicates resumption of whole fall from 188.63. Intraday bias is back on the downside. Break of 178.02 support will pave the Read more…
Daily Pivots: (S1) 154.70; (P) 156.09; (R1) 156.79; More.. EUR/JPY’s break of 155.98 minor support suggests that recovery from 153.15 has completed at 157.67 already. Intraday bias is back on the downside for retesting 153.15 Read more…