BoE Chief Economist Huw Pill, in a speech, highlighted the importance of delivering enough monetary tightening to “see the job through” and return inflation to target levels on a sustainable basis. He acknowledged the significant Read more…
Markets With few important data releases, today was supposed to be a transitory trading session after yesterday’s (very disappointing) US manufacturing ISM and ahead of the key US Services ISM and labour market data later Read more…
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of GBPCAD. In which, the rally from the 10 February 2023 low unfolded as an impulse sequence and Read more…
Welcome to Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we are getting technical on the Read more…
Well, well, well, looks like the OPEC Conference had an Extraordinary 183rd Meeting on the 31st of March, and made some changes. They gave the International Energy Agency (IEA) the boot and replaced them with Read more…
Eurozone PPI came in at -0.5% mom, 13.2% yoy in February below expectation of -0.3% mom, 13.2% yoy. For the month, industrial producer prices decreased by -1.6% in the energy sector and by 0.1% for Read more…
Eurozone PPI came in at -0.5% mom, 13.2% yoy in February below expectation of -0.3% mom, 13.2% yoy. For the month, industrial producer prices decreased by -1.6% in the energy sector and by 0.1% for Read more…
The JP225 cash index has been on an aggressive upward path since the March 15 low of 26,457. It managed to break some key levels with relative ease, revealing the underlying strength of this upmove. Read more…
Daily Pivots: (S1) 163.60; (P) 164.26; (R1) 165.08; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the upside, break of 165.99 resume the whole rebound from 155.33 to 169.26 resistance next. Read more…
Daily Pivots: (S1) 1.5988; (P) 1.6114; (R1) 1.6192; More… EUR/AUD recovers after drawing support from 1.6053 and intraday bias remains neutral first. Focus stays on 0.6389/6434 cluster resistance zone. Decisive break there will carry larger Read more…