US personal income rose 0.3% mom or USD 72.9B in February, matched expectation. Personal spending rose 0.2% mom or USD 27.9B below expectation of 0.3% mom. PCE price index rose 0.3% mom, above expectation of Read more…
The Euro started a fresh increase above the 1.0850 resistance zone against the US Dollar. The EUR/USD pair even cleared the 1.0880 level to move into a positive zone. It tested the 1.0925 zone and Read more…
The Euro edged lower after bulls faced a double failure just under pivotal barrier at 1.0930 (Mar 23 spike high). Dips were so far shallow, with limited negative impact from weaker than expected German labor Read more…
Eurozone CPI slowed from 8.5% yoy to 6.9% yoy in March, below expectation of 7.2% yoy. CPI core (all item ex energy, food, alcohol & tobacco) roes from 5.6% yoy to 5.7% yoy, matched expectations. Read more…
USDCAD is set to close the month on a negative note despite the rally to a five-month high of 1.3860 on March 10th. Having dived back below its 20- and 50-day simple moving averages (SMAs) Read more…
EUR/GBP falls after UK GDP & ahead of EZ CPI UK Q4 GDP rises to 0.1% Eurozone CPI to cool to 7.1% but core CPI to rise EUR/GBP break out trade EUR/GBP is falling for Read more…
Daily Pivots: (S1) 163.43; (P) 163.94; (R1) 164.90; More… Intraday bias in GBP/JPY remains on the upside for 165.99 resistance. Break there will resume the whole rebound from 155.33 to 169.26 resistance next. On the Read more…
Market movers today The main focus today will be on the euro area March flash HICP figures. The preliminary data released for Germany and Spain points towards headline inflation cooling to 6.7% y/y, lower than Read more…
AUD/USD started a fresh increase above the 0.6700 resistance zone. NZD/USD is rising and might aim a move above the 0.6300 resistance. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar started a fresh increase Read more…
Richmond Fed President Thomas Barkin expressed his comfort with Fed’s current approach to interest rate hikes, stating, “I’m comfortable with the trajectory we’re on now, meeting by meeting, whether you need a 25 basis point Read more…