Daily Pivots: (S1) 1.0427; (P) 1.0485; (R1) 1.0587; More…. EUR/CHF’s rebound from 1.0298 accelerates to as high as 1.0548 so far. The strong break of 1.0510 resistance argues that a medium term bottom was already Read more…
Euro remains in the spotlight in Asian session, as post-ECB rally is extending. Dollar is particularly in pressure as markets are awaiting disappointment from non-farm payroll job data. Yen is currently the second weakest for Read more…
DXY: On the weekly, prices are on bullish momentum and abiding to our ascending trendline. We see potential for prices to bounce from our 1st support at 94.804 in line with 38.2% Fibonacci retracement and Read more…
US non-farm payroll report is a major focus today. Markets are expecting 150k job growth in January. Unemployment rate is expected to stay unchanged at 3.90%. Average hourly earnings are expected to grow 0.50% mom. Read more…
BoJ Governor Haruhiko Kuroda told the parliament today that inflation remains subdued in Japan because of the delay in recovery from pandemic, the public’s deflationary mindset and firms’ assumption that prices won’t rice much. “In Read more…
Richmond Fed President Thomas Barkin in a Reuters interview, “it is a straightforward call to say we ought to get rates back into better position. It does not feel to me like there is enough Read more…
Key insights from the week that was. The first week of February has been acutely focused on monetary policy, with last week’s US FOMC meeting followed by the RBA, BoE and ECB. Beginning with the Read more…
Key Highlights USD/JPY started a decent increase from the 113.50 zone. It broke a crucial bearish trend line with resistance near 114.20 on the 4-hours chart. EUR/USD surged above 1.1350, and GBP/USD spiked above 1.3600. Read more…
After the hawkish ECB meeting today, we change our ECB call and now expect the ECB to hike its deposit facility rate in December this year, and again in March 2023, by 25bp each, which Read more…
The Bank of England hikes rates by 25bps, as expected. However, the decision was close to being a 50bps hike, as 4 of the 9 members voted for the higher rate increase. The markets took Read more…