USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add confluence to this, the price is crossing the Ichimoku cloud which indicates a bullish market. If the bullish momentum continues, Read more…
Daily Pivots: (S1) 1.1766; (P) 1.1837; (R1) 1.1895; More… GBP/USD is staying inside tight range below 1.2028 as sideway consolidation continues. Intraday bias remains neutral first, and further rally is expected as long as 1.1644 Read more…
Dollar’s rebound stalled once again quickly, as risk markets appear to have stabilized. Overall, Swiss Franc is following the greenback as the second strongest for the week so far, then Canadian. Yen is the worst Read more…
New Zealand goods exports rose 14% yoy to NZD 6.1B in October. Goods imports rose 24% yoy to NZD 8.3B. Trade deficit widened from NZD -1.7B to NZD -2.1B, much larger than expectation of NZD Read more…
Cleveland Fed President Loretta Mester said yesterday, “we’re at a point where we’re going to enter a restrictive stance of policy. At that point, I think it makes sense that we can slow down a Read more…
San Francisco Fed President Mary Daly said yesterday that “it’s premature in my mind to take anything off the table”, regarding the size of rate hike in December. She added. “I’m going into the meeting Read more…
ECB Governing Council member Mario Centeno was asked yesterday about whether the central bank should hike by less that 75bps in December. He said, “I think there are conditions in place — many conditions — Read more…
Key Highlights GBP/USD climbed higher and tested the 1.2000 resistance zone. A major bullish trend line is forming with support near 1.1740 on the 4-hours chart. Crude oil price gained bearish momentum below the $80.00 Read more…
Whilst there has been some mild expectations that inflation around parts of the world have topped out, recent data for New Zealand is remining us that inflation can remain at elevated levels for longer than Read more…
The week started off on the right foot for European data this week, although it may be a bit difficult to comprehend! German PPI for October was only up 34.5% YoY vs and expectation of Read more…