Daily Pivots: (S1) 0.9422; (P) 0.9461; (R1) 0.9499; More… Intraday bias in USD/CHF remains neutral at this point. On the downside, firm break of 0.9355 will resume the decline from 1.0146 to 0.9287 fibonacci level. Read more…
Daily Pivots: (S1) 138.49; (P) 139.04; (R1) 139.71; More… Immediate focus is now on 137.66 support in USD/JPY. Firm break there will resume the decline from 151.93, as a correction to larger up trend, to Read more…
Daily Pivots: (S1) 0.6724; (P) 0.6752; (R1) 0.6784; More… Intraday bias in AUD/USD remains neutral for the moment. Outlook is unchanged too. Further rise is expected as long as 0.6521 resistance turned support holds. On Read more…
Massive anti-Covid protests in the biggest Chinese cities marked the weekend. Despite rising Covid cases and renewed Covid measures, thousands of Chinese citizens gathered to show their discontent with Xi Jinping’s Covid zero strategy, that Read more…
Market movers today We have no tier-1 data today but will get euro M3 growth, Norwegian retail sales and some Fed speakers tonight. This week focus turns to Euro Flash CPI for November on Wednesday, which will be important for Read more…
Daily Pivots: (S1) 1.3332; (P) 1.3366; (R1) 1.3414; More…. Intraday bias in USD/CAD stays neutral for the moment. On the upside, firm break of 1.3494 will indicate that correction from 1.3976 has completed at 1.3224, Read more…
Yen and Dollar rise broadly in Asian session today while Australian Dollar leads commodity currencies lower. Markets are trading with risk-off sentiment, with deeper selloff in China and Hong Kong markets. Large scale protests were Read more…
RBNZ Assistant Governor Karen Silk said in an interview, “What we have seen is actual inflation continue to surprise on the upside, but more importantly inflation expectations have moved higher as well… And it’s the Read more…
RBA Governor Philip Lowe told a parliamentary committee that the central bank is keeping an eye on electricity prices and housing. “If we can address those two issues then that will make a substantial contribution Read more…
Australia retail sales turnover dropped -0.2% mom to AUD 35.02B in October, much worse than expectation of 0.5% mom rise. That’s also the first monthly decline in 2022. Ben Dorber, ABS head of retail statistics Read more…