Stock futures lower as 2023 rally faces early fed test; Traders bet on smaller rate hikes, see dovish pivot; Meta earnings on deck as mega cap tech rolls up sleeves; AMD shares leap as earnings, Read more…
Eurozone CPI slowed sharply from 9.2% yoy to 8.5% yoy in January, well below expectation of 9.0% yoy. CPI core (all items less energy, food, alcohol & tobacco) was unchanged at 5.2% yoy, above expectations Read more…
UK PMI Manufacturing was finalized at 47.0 in January, up from December’s 31-month low of 45.3. S&P Global noted that output and new orders fell across all three product categories. Input price inflation eased to Read more…
The British Pound started a bearish reaction from the 1.2420 resistance zone against the US Dollar. The GBP/USD pair declined below the 1.2365 level to move into a short-term bearish zone. There was a close Read more…
Daily Pivots: (S1) 159.63; (P) 160.41; (R1) 161.06; More… No change in GBP/JPY’s outlook as range trading continues. Intraday bias stays neutral at this point. On the downside, break of 155.33 low will resume the Read more…
Daily Pivots: (S1) 140.83; (P) 141.23; (R1) 141.70; More…. EUR/JPY is still bounded in range of 137.37/142.84 and intraday bias stays neutral. On the downside, break of 137.37 will resume the whole decline from 148.38 Read more…
Daily Pivots: (S1) 0.8783; (P) 0.8806; (R1) 0.8841; More… Intraday bias in EUR/GBP stays neutral as range trading continues. On the upside, firm break of 0.8896 will resume the rise from 0.8545 and target 61.8% Read more…
Daily Pivots: (S1) 1.5332; (P) 1.5415; (R1) 1.5483; More… EUR/AUD rose to 1.5496 but quickly retreated. Initial bias stays neutral this week first. On the upside, above 1.5496 will affirm the case of short term Read more…
Daily Pivots: (S1) 0.9913; (P) 0.9983; (R1) 1.0022; More…. EUR/CHF’s break of 0.9986 suggests that corrective pattern from 1.0095 is in the third leg. Intraday bias is back on the downside for 0.9874 support, and Read more…
NZDUSD had been on a steady decline in 2022, finding its feet at the 31-month low of 0.5510 in early October. Even though the pair has staged a solid rebound since then, it is currently experiencing a Read more…