Daily Pivots: (S1) 0.9144; (P) 0.9161; (R1) 0.9191; More…. Intraday bias in USD/CHF remains neutral for the moment. On the downside, firm break of 0.9084 support will argue that choppy rise from 0.8925 has completed. Read more…
Daily Pivots: (S1) 1.3561; (P) 1.3611; (R1) 1.3650; More… GBP/USD is still in the pull back from 1.3748 and intraday bias remains neutral for the moment. While deeper fall cannot be ruled out, downside of Read more…
Daily Pivots: (S1) 1.1288; (P) 1.1355; (R1) 1.1394; More… EUR/USD’s fall from 1.1482 accelerates lower today and focus is now on 1.1284 support. Outlook is unchanged that rebound from 1.1185 is seen as corrective move. Read more…
Dollar is trying to extend near term rebound with help from surging treasury yields and risk-off sentiments in stocks. But Canadian Dollar is still outshining slightly, as support by oil price rally. Aussie and Kiwi Read more…
Major US stock indexes, particularly the NASDAQ tumbled sharply overnight, while benchmark treasury yields surged. Investors are still in the process of adjusting to the evolution of a more aggressive Fed in terms of stimulus Read more…
WTI crude oil surged through a key resistance overnight and hit the highest level since 2014. The outage of Turkey’s Kirkuk-Ceyhan pipeline after an explosion was a factor causing concerns over supplies. In the background, Read more…
Australia Westpac-MI consumer sentiment index dropped from 104.3 to 102.2 in January. The -2% decline was much better than the -5.2% fall during the first month of the delta outbreak in New South Wales, the Read more…
Key Highlights Gold price is showing positive signs above the $1,785 and $1,800 support levels. A major bullish trend line is forming with support near $1,805 on the 4-hours chart. EUR/USD trimmed gains after it Read more…
Yields around the world are on the rise. In some places, such as emerging market countries, yields are rising more rapidly than in others. In the US, yields are playing catch up as the 2-year Read more…
The UK employment situation continues to strengthen. In December, the number of people claiming unemployment benefits fell by 43,300 vs an expectation of -36,000. In addition, the revision to the November print nearly doubled from Read more…