Bank of England Preview – Back to 50bp as BoE Nears End of Hiking Cycle We expect the Bank of England (BoE) to hike the Bank Rate by 50bp on Thursday. We still expect the Read more…
Daily Pivots: (S1) 1.0497; (P) 1.0543; (R1) 1.0579; More… Range trading continues in EUR/USD and intraday bias stays neutral. On the downside, break of 1.0442 support will indicate rejection by 1.0609 fibonacci level. Bias will Read more…
Daily Pivots: (S1) 1.2211; (P) 1.2267; (R1) 1.2325; More… Intraday bias in GBP/USD stays neutral and further rally is expected as long as 1.1898 support holds. Break of 1.2343 will resume larger rally from 1.0351 Read more…
Daily Pivots: (S1) 0.9313; (P) 0.9347; (R1) 0.9382; More… Intraday bias in USD/CHF stays mildly on the downside with focus on 0.9287 fibonacci level this week. Decisive break there will target 0.9149 structural support next. Read more…
Daily Pivots: (S1) 135.83; (P) 136.37; (R1) 137.13; More… Intraday bias in USD/JPY stays neutral for the moment. On the upside, break of 137.84 resistance will revive the case of short term bottoming at 133.61, Read more…
Daily Pivots: (S1) 0.6757; (P) 0.6786; (R1) 0.6824; More… Intraday bias in AUD/USD remains neutral as consolidation from 0.6850 is extending. On the downside, break of 0.6641 should confirm rejection by 0.6871 resistance. Intraday bias Read more…
Daily Pivots: (S1) 1.3579; (P) 1.3635; (R1) 1.3701; More…. Intraday bias in USD/CAD remains neutral as consolidation from 1.3699 is still in progress. The favored case is still that correction from 1.3976 has completed at Read more…
Dollar rises mildly in Asian session as investors turned cautious. Euro is also firmer but Sterling is on the softer side together with Aussie and Kiwi. Market focus are on the four central bank meetings Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is under the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, Read more…
Japan corporate goods price index, PPI, slowed from 9.4% yoy to 9.3% yoy in November, above expectation of 8.9% yoy. The index, at 118.5, was a record high. Yen-based import price index slowed notably from Read more…