EUR/USD For the first time since the existence of the single European currency, we witnessed an increase in the interest rate by the ECB by 0.75 basis points. Central bankers said too high inflation is Read more…
The S&P 500 clawed back some losses over a correction in bond yields. A drop below 3920 and a bearish MA cross indicates that the market mood still leans towards the cautious side. The short-term Read more…
The euro finds support from a surprising 75bp hike by the ECB. The pair has climbed above last June’s double top at 144.20, which indicates strong interest in maintaining the upward trajectory. 145.00 is the Read more…
The New Zealand dollar recovers from dips as risk appetite makes its return. The pair came under pressure after it tanked below the daily support at 0.6060. With the RSI in the oversold zone, bargain Read more…
Markets The world’s two biggest central banks were in focus yesterday. The ECB jacked up interest rates by an unprecedented 75 bps to bring the deposit rate at 0.75%. Growth may grind to a halt Read more…
The European Central bank (ECB) raised the interest rates by 75bp at yesterday’s monetary policy meeting and said there will be more rate hikes to fight inflation. That was in line with our expectations. The Read more…
Market movers today Markets will digest yesterday’s ECB meeting and look out for ‘ECB sources’ stories today. Otherwise, focus will be on the EU energy minister meeting (press conference scheduled for 14:30 CET), where price Read more…
USD/JPY: On the H4 chart, price has confirmed a bullish momentum breaking the previous high. We are bullish bias- Price has tested the first resistance and pulled back slightly. If bullish momentum continues, it should Read more…
Daily Pivots: (S1) 1.3058; (P) 1.3109; (R1) 1.3140; More… Intraday bias in USD/CAD remains neutral first, and further rally is in favor with 1.2971 minor support intact. On the upside, decisive break of 1.3222 will Read more…
Daily Pivots: (S1) 0.6718; (P) 0.6746; (R1) 0.6779; More… Intraday bias in AUD/USD is turned neutral with current recovery. On the upside, decisive break of 0.6680 low will resume larger down trend. Next target is Read more…