The euro retreated as short-term traders took profit. After a six-week-long consolidation, the euro soared above the supply area at 1.1380 and forced the bears to cover in mass. As the dust settles, a bearish Read more…
EUR/USD The bears established themselves on the market and, during the last trading session from the previous week, the currency pair underwent a sell-off, which almost completely erased the previously won positions. At the time Read more…
In the post meeting press conference, BoJ Governor Haruhiko Kuroda said, “consumer inflation is likely to stay around 1% through the end of the BoJ’s projection period. As such, there is no need to modify Read more…
Markets Markets took a slow start to the trading week yesterday as US investors were absent due to the Martin Luther King holiday. On other major developed markets, the news flow was thin. European equities Read more…
UK payrolled employees rose 184k to 29.5m in December. The number was up 409k on pre-pandemic level back in February 2020. All region are now above pre-coronavirus levels. For September to November period, comparing to Read more…
The price of crude oil held steady close to a seven-year high as investors remained optimistic about the rising demand. Brent rose to $86.71, meaning that it has jumped by 10% this year. WTI, the Read more…
Market movers today On the data front we look for German ZEW for January, which could very well slip further due to the triple headwinds from COVID, eroding real income and supply side bottlenecks. UK Read more…
It was quiet session yesterday as the US stock and bond markets remained closed for bank holiday, while the European equities kicked off the week mostly in the positive, especially with the FTSE 100 leading Read more…
Daily Pivots: (S1) 156.07; (P) 156.39; (R1) 156.70; More… GBP/JPY is staying in consolidation from 157.74 and intraday bias remains neutral. Overall, further rise is still expected with 154.86 support intact. On the upside, decisive Read more…
Daily Pivots: (S1) 130.41; (P) 130.62; (R1) 130.92; More…. EUR/JPY is staying in consolidation form 131.59 and intraday bias remains neutral first. On the upside, break of 131.59 resistance will reaffirm the bullish case that Read more…