Daily Pivots: (S1) 0.6859; (P) 0.6894; (R1) 0.6927; More… Intraday bias in AUD/USD remains neutral as consolidation from 0.6949 temporary top is extending. Outlook will stay bullish as long as 0.6721 support holds. Break of Read more…
Australian Dollar regains some ground in Asian session today, following stronger than expected monthly CPI data. In the background, market sentiment also stabilizes after Fed Chair Jerome Powell refrained from commenting on monetary policy or Read more…
According to BoJ’s December Survey on the General Public’s Views and Behavior, 32.5% of respondents expect prices will go up significantly one year from now, up from September’s survey of 28.9%. Those expecting prices to Read more…
In general, inflation has been slowing over the last few months. On Thursday, markets will get a look at December’s CPI print. Expectations are that the headline print will continue to move lower to 6.5% Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price Read more…
Australia retail sales rose 1.4% mom in November, well above expectation of 0.7% mom. The seasonally adjusted turnover of AUD 35.92B was a new record high. Ben Dorber, ABS head of retail statistics, said, “While Read more…
Australia monthly CPI accelerated from 6.9% yoy to 7.3% yoy in November, above expectation of 7.2% yoy. Michelle Marquardt, ABS Head of Prices Statistics, said “This month’s annual movement of 7.3% compares to 6.9% in Read more…
ECB Governing Council member Mario Centeno said yesterday, “we are approaching the end of the current process of interest rate hikes, I believe that is true.” Centeno said that “wage updates in Europe could make Read more…
Fed Governor Michelle Bowman said in a speech, “In recent months, we’ve seen a decline in some measures of inflation but we have a lot more work to do, so I expect the FOMC will Read more…
Key Highlights Bitcoin price started a fresh increase above the $16,750 resistance. It broke a major bearish trend line at $16,760 on the 4-hours chart. Gold price is gaining pace above the $1,870 resistance. Crude Read more…