Jerome Powell didn’t really sooth investors’ nerves at yesterday’s policy statement. He said that the Federal Reserve (Fed) won’t refrain from back-to-back rate hikes to get the inflation situation straight. His words sent the US Read more…
Market movers today Markets will continue to digest yesterday’s FOMC message and watch out for Russia-Ukraine headlines, amid a light data calendar in Europe. US Q4 21 GDP figures are released and we expect them Read more…
Daily Pivots: (S1) 1.1216; (P) 1.1263; (R1) 1.1291; More… EUR/USD’s fall from 1.1482 accelerates lower today and intraday bias remains on the downside. Firm break of 1.1185 support will resume larger down trend from 1.2348. Read more…
Investor sentiment was basically destroyed by more hawkish than expected Fed Chair Jerome Powell. US stocks reversed earlier gains and closed mixed. But futures are already pointing to a gap down open today. Major Asia Read more…
Gold dropped sharply overnight following broad based Dollar strength. The development now raises the chance that rebound from 1752.32 has completed with three waves up to 1853.70 Immediate focus is now on 1805.59 support. Firm Read more…
New Zealand CPI rose 1.4% qoq in Q4, above expectation of 1.2% yoy. Annual rate accelerated from 4.9% yoy to 5.9% yoy, above expectation of 5.6% yoy. That’s the highest level in three decades since Read more…
US stock markets tumbled sharply overnight and futures dive further in Asian session. Fed Chair Jerome Powell sounded very hawkish during the post meeting press conference. The indication that rate hikes would start in March Read more…
DXY: On the H4 timeframe, prices are on bullish momentum and abiding to our ascending trendline. We would expect potentially a bounce from our 1st support at 96.459 in line with 200% Fibonacci projection and Read more…
Consumer prices rose 1.4% in the December quarter. That took the annual inflation rate to 5.9%, its highest level since 1990. Inflation pressures are broad based, boosted by a potent cocktail of strong demand and Read more…
Key Highlights AUD/USD started a fresh decline from well above 0.7280. It traded below a key contracting triangle with support near 0.7185 on the 4-hours chart. EUR/USD is struggling below 1.1300, and GBP/USD declined below Read more…