Daily Pivots: (S1) 0.9179; (P) 0.9204; (R1) 0.9247; More… Range trading continues in USD/CHF and intraday bias remains neutral. On the upside, firm break of 0.92879 resistance will confirm short term bottoming at 0.9058, and Read more…
Daily Pivots: (S1) 1.0702; (P) 1.0746; (R1) 1.0783; More… EUR/USD is staying in consolidation above 1.0668 temporary low and intraday bias stays neutral. On the downside, break of 1.0668 will resume the correction from 1.1032 Read more…
UK GDP contracted notably by -0.5% mom in December, even worse than expectation of -0.3% mom. Services declined by -0.8% mom. Production rose 0.3% mom. Construction was flat for the month. In Q4, GDP showed Read more…
The markets are overall staying in directionless mode for now. Dollar’s selloff overnight didn’t last, as risk rally faded quickly. The greenback in actually the strongest one in Asian session, while Aussie and Kiwi are Read more…
Daily Pivots: (S1) 1.2052; (P) 1.2123; (R1) 1.2189; More… Despite recovering to 1.2192, GBP/USD failed to sustain above 4 hour 55 EMA and retreated. Intraday bias is turned neutral again. On the upside, break of Read more…
In the Statement on Monetary Policy, RBA reiterated that “further increases in interest rates will be needed to ensure that the current period of high inflation is only temporary.” “In assessing how much further interest Read more…
Japan Finance Minister Shunichi Suzuki said that the goals as mentioned in the joint statement with BoJ signed back in 2013 “remains important policy challenges”. He mentioned that targets like “the need to pull Japan Read more…
Japan PPI slowed from 10.5% yoy to 9.5% yoy in January, below expectation of 11.2% yoy. Sitting at 119.8 and unchanged from prior month, corporate goods price index matched the record high made in December. On Read more…
Key insights from the week that was. In Australia, the RBA was the focus for participants this week. Offshore, with the data calendar light, markets had time to reflect on last week’s nonfarm payrolls surprise Read more…
Key Highlights USD/JPY started a downside correction below 132.50. A major bullish trend line is forming with support near 129.10 on the 4-hours chart. EUR/USD and GBP/USD started an upside correction. Gold price might recover Read more…