In a speech in Cyprus today, Joachim Nagel, ECB Governing Council member and Bundesbank President, described the inflation outlook as “encouraging”. But he was quick to caution that this “that does not necessarily mean that Read more…
Gold surges in short-term Stochastic stands in overbought area, indicating bearish correction Gold prices are extending their bullish rally towards a fresh six-month high of 2,018, holding well above the simple moving averages (SMAs) in Read more…
Markets European bonds after a hesitant start captured a solid bid yesterday. Markets again raised the odds for an ‘early spring’ ECB rate cut (April 70% chance). ECB’s Lagarde before the European parliament holding a Read more…
Germany’s Gfk consumer sentiment index for December showed a marginal improvement, rising from -28.3 to -27.8, slightly better than expected -28.5. This slight uptick indicates a subtle shift in consumer sentiment as the year ends. Read more…
Monday morning’s rebound in US bond yields didn’t last long; the US sovereign bond yields fell as rapidly as they rose on Monday as a $55bn auction of 5-year US bonds saw strong demand after Read more…
Market movers today Another quiet day on the data front. German consumer sentiment and US Conference Board’s consumer confidence surveys will be released today. There will be a range of Fed speakers on the wires Read more…
Daily Pivots: (S1) 187.39; (P) 187.96; (R1) 188.32; More… Intraday bias in GBP/JPY is turned neutral again with current retreat. Some more consolidations could be seen below 188.63 temporary top first. But near term outlook Read more…
Daily Pivots: (S1) 162.37; (P) 163.04; (R1) 163.55; More…. EUR/JPY’s break of 162.42 minor support suggest that rebound from 161.22 has completed. Intraday bias is back on the downside to extend the corrective pattern from Read more…
Daily Pivots: (S1) 0.8659; (P) 0.8674; (R1) 0.8689; More…. Intraday bias in EUR/GBP remains on the downside for 0.8648 support. Decisive break there will argue that whole rise from 0.8491 has completed and turn near Read more…
Daily Pivots: (S1) 1.6539; (P) 1.6602; (R1) 1.6643; More… No change in EUR/AUD’s outlook and intraday bias remains on the downside for 1.6449 support. Firm break there will argue that the pattern from 1.6319 has Read more…