Daily Pivots: (S1) 1.3464; (P) 1.3496; (R1) 1.3557; More… Intraday bias in GBP/USD stays neutral with focus on 1.3523 minor resistance. Further fall is still in favor with 1.3523 intact. Break of 1.3356 will resume Read more…
Daily Pivots: (S1) 0.9184; (P) 0.9230; (R1) 0.9257; More…. Intraday bias in USD/CHF remains mildly on the downside for deeper fall. But overall, with 0.9090 support intact, choppy rise from 0.8925 should extend higher. On Read more…
Daily Pivots: (S1) 114.45; (P) 114.82; (R1) 115.07; More… Intraday bias in USD/JPY remains neutral for the moment. Further rise is still mildly in favor with 114.46 minor support intact. On the upside, break of Read more…
Overall market sentiment turned more positive after Fed officials jumped out to talk down the prospect of a 50bps hike in March. Australia Dollar is trading broadly higher, following risk-on sentiment, and shrugs off cautious Read more…
BoJ Governor Haruhiko Kuroda said, “Japan’s economy expanding moderately thanks in part to BoJ’s aggressive monetary easing.” He admitted that the low interest rate environment has had an “impact on regional lenders through various channels.” Yet, Read more…
New Zealand employment rose 0.1% in Q4, below expectation of 0.4%. Unemployment rate ticked down from 3.3% to 3.2%, slightly better than expectation of 3.2%. Labor force participation rate dropped -0.1% to 71.1%. “The labour Read more…
In a speech, RBA Governor Philip Lowe said ending the bond purchase program “does not mean that an increase in the cash rate is imminent”. He noted that while inflation has picked up in Australia, Read more…
St. Louis Fed President James Bullard said he’d favor successive rate hikes at the upcoming March, May and June meetings, rather than a 50bps hike in March. “The point of this is to get better Read more…
The latest US employment report will be released at 13:30 GMT Friday. Nonfarm payrolls likely cooled because of the Omicron wave and a negative print cannot be ruled out. That said, the most important metric Read more…
OPEC and its allies will gather on Wednesday in a scheduled meeting to assess conditions in the oil market and decide on further supply increases. Crude prices are pinned at the highest in more than Read more…