Daily Pivots: (S1) 157.80; (P) 158.12; (R1) 158.48; More…. No change in EUR/JPY’s outlook as range trading continues. Intraday bias stays neutral. Risk will be mildly on the downside as long as 158.64 resistance holds. Read more…
Daily Pivots: (S1) 182.62; (P) 182.98; (R1) 183.50; More… GBP/JPY’s fall from 186.75 is in progress and intraday bias stays on the downside. Sustained trading below 55 D EMA (now at 182.49) will argue that Read more…
Daily Pivots: (S1) 1.3412; (P) 1.3446; (R1) 1.3495; More…. Intraday bias in USD/CAD is turned neutral for now, as it recovered after dipping to 1.3378. Some consolidations are expected by another fall is in favor. Read more…
Daily Pivots: (S1) 0.6422; (P) 0.6466; (R1) 0.6493; More… AUD/USD is holding in range of 0.6356/6520 despite near term volatility. Intraday bias stays neutral for the moment. Outlook stays bearish with 0.6520 resistance intact. On Read more…
ECB Governing Council, Joachim Nagel, Bundesbank head, posed a crucial question in his speech in Frankfurt, “Have we reached the plateau” on interest rates? He answered by stating that it “cannot yet be clearly predicted”. Read more…
In an unexpected move that diverged from the market’s anticipations, SNB held its policy rate steady at 1.75%, side-stepping the anticipated hike to 2.00%. The conditional inflation projections have undergone downward revision. While inflation could Read more…
The Swiss National Bank is leaving the SNB policy rate unchanged at 1.75%. The significant tightening of monetary policy over recent quarters is countering remaining inflationary pressure. From today’s perspective, it cannot be ruled out Read more…
The Federal Reserve (Fed) maintained interest rates unchanged, as expected. It revised its growth forecast higher, as expected. The peak unemployment rate was revised to 4.1%, down from 4.5% as a result of a resilient Read more…
Market movers today A packed central bank day kicks off with Riksbank which we expect to hike rates by 25bp to 4% in line with consensus view. We expect this to be the final hike Read more…
Daily Pivots: (S1) 147.76; (P) 148.06; (R1) 148.65; More… USD/JPY’s rally is in progress and intraday bias stays on the upside. Current rise from 127.20 should target a retest on 151.93 high. On the downside, Read more…