Eurozone CPI slowed from 8.6% yoy to 8.5% yoy in February, above expectation of 8.2% yoy. CPI core all items ex energy, food, alcohol and tobacco) rose from 5.3% yoy to 5.6% yoy, above expectation Read more…
ECB President Christine Lagarde told Spain TV channel Antena 3, “at this point in time, it’s possible that we continue on that path (of tightening after March)… By which amount in each and every meeting Read more…
WTI crude bounces higher as upbeat Chinese PMI brightens the demand outlook. On the daily chart, the price is still in a range trading mode between 72.50 and 82.20. A break above 77.50 has sent Read more…
Daily Pivots: (S1) 135.48; (P) 135.98; (R1) 136.69; More… Intraday bias in USD/JPY remains neutral for the moment. Focus is staying on 38.2% retracement of 151.93 to 127.20 at 136.64. Rejection by this fibonacci level, Read more…
Daily Pivots: (S1) 0.9980; (P) 1.0004; (R1) 1.0049; More…. Intraday bias in EUR/CHF stays on the upside as rise from 0.9844 is in progress. The strong break of trend line resistance adds to the case Read more…
US treasury yields marched higher overnight, and look set to extend rally today. Two-year yield hit its highest level in 16 years and could soon challenge the 5% handle, while 10-year yield remains above the Read more…
DXY: Price is testing our 1st resistance at 104.59 which is an overlap resistance. Reversing from here could see it drop to our 1st support at 103.74 which lines up with our 38.2% Fibonacci retracement. Read more…
Key Highlights Bitcoin price is consolidating above the $23,000 support zone. BTC broke a major bearish trend line at $23,500 on the 4-hours chart. Gold price climbed higher above the $1,830 resistance zone. EUR/USD extended Read more…