The Euro remains heavy in early Thursday’s trading and hit new marginally lower 20-year low, following 1.3% drop on Wednesday. The sentiment was soured by growing geopolitical tensions, with hawkish Fed adding pressure on the Read more…
WTI crude weakens over a gloomy economic prospect amid tighter financial conditions. Sentiment has remained fragile after the psychological level of 90.00 proved to be a tough level to crack for now. The current consolidation Read more…
The S&P 500 plunged after another super-sized US rate hike. The break below 3900 has invalidated the recent bounce and put the buy side on the defensive. As sentiment deteriorates, strong selling pressure may continue Read more…
Bullion whipsawed after the Fed’s rate hike came out in line with expectations. The price’s failure to hold above the critical level at 1680 may have triggered a long journey to the south. The RSI’s Read more…
We thought that the Federal Reserve (Fed) decision would be the highlight of yesterday but news from Russia came to eclipse the FOMC. Vladimir Putin declared partially mobilization yesterday morning. Russia is preparing to mobilize Read more…
Market movers today We expect the Swiss National Bank (SNB) to raise the policy rate by 75bp to curb underlying inflation pressures. This will bring the policy rate to 0.50%, thus leaving negative territory for Read more…
Daily Pivots: (S1) 0.9774; (P) 0.9876; (R1) 0.9940; More… EUR/USD’s break of 0.9863 support confirms down trend resumption. Intraday bias is back on the downside for 100% projection of 1.0368 to 0.9863 from 1.0197 at Read more…
Dollar broke out to the upside overnight following hawkish Fed hike. At the same time, it’s closely trailed by Swiss Franc for now, on geopolitical risks. Risk aversion is also keeping Yen afloat in crosses, Read more…
SNB and BoE rate decisions are the remaining focuses of the day. SNB is widely expected to rise interest rate by 75bps to 0.50%, back in positive region. There are some speculations of a larger Read more…
BoJ kept monetary policy unchanged as widely expected. Under the yield curve control framework, short-term policy interest rate is held at -0.10%. BoJ will continue to purchase Japanese government bonds, without setting an upper limit, Read more…