Markets With Japanese, UK and US markets still closed, EMU markets took a constructive start to the new year. Last week, the post-ECB bond sell-off propelled German yields to close 2022 at cycle peak levels Read more…
Through at least the early part of this year, the ECB is expected to go against the trend of most other major central banks. The BOE and Fed are expected to continue to slow the Read more…
Asian Indices: Australia’s ASX 200 index fell by -92.5 points (-1.31%) and currently trades at 6,946.20 Hong Kong’s Hang Seng index has risen by 257.88 points (1.3%) and currently trades at 20,039.29 China’s A50 Index Read more…
We had a risk-off tone today across currency and equity markets as the latest round of PMI data weighed on sentiment and benefitted then yen. China’s manufacturing PMI contracted at its fastest pace since February Read more…
I know, all we hope is to leave the horrible 2022 behind, and lick our wounds this year, but the New Year started with the IMF Chief Georgieva warning that the global economy faces ‘a Read more…
Market movers today Today, focus will be on December inflation data from Germany. Due to fiscal measures, German and euro area inflation will be in for a rollercoaster ride in the coming months, adding to Read more…
Daily Pivots: (S1) 130.50; (P) 130.79; (R1) 130.96; More… USD/JPY’s decline from 161.93 resumed by breaking through 130.55 support and intraday bias is back on the downside. Next target is 61.8% projection of 148.44 to Read more…
Daily Pivots: (S1) 0.9213; (P) 0.9238; (R1) 0.9272; More… USD/CHF is losing some downside momentum as seen in 4 hour MACD. But further decline is expected as long as 0.9341 resistance holds. Current fall from Read more…
Daily Pivots: (S1) 1.2016; (P) 1.2065; (R1) 1.2096; More… Intraday bias in GBP/USD stays neutral for the moment as sideway trading continues. On the downside, break of 1.1991 will resume the fall from 1.2445 to Read more…
Daily Pivots: (S1) 1.0613; (P) 1.0704; (R1) 1.0757; More… Range trading continues in EUR/USD and intraday bias remains neutral for the moment. Further rally is expected as long as 1.0481 resistance turned support holds. Firm Read more…