UK GDP grew 0.8% mom in January, well above expectation of 0.2% mom. All sectors grew in the month, with services up 0.8% mom, production up 0.7% mom, and construction up 1.1% mom. GDP is Read more…
Daily Pivots: (S1) 1.2733; (P) 1.2788; (R1) 1.2824; More… Intraday bias in USD/CAD remains neutral with mixed outlook. On the upside, break of 1.2899 will target 1.2963 resistance first. Break there will target key long Read more…
Daily Pivots: (S1) 0.7309; (P) 0.7339; (R1) 0.7389; More… Intraday bias in AUD/USD remains neutral as consolidation from 0.7440 is still in progress. Another fall cannot be ruled out. But overall, further rally will remain Read more…
Daily Pivots: (S1) 1.0936; (P) 1.1028; (R1) 1.1081; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. As long as 1.1120 support turned resistance holds, larger down trend from 1.1494 is still expected Read more…
Daily Pivots: (S1) 1.3045; (P) 1.3119; (R1) 1.3157; More… Intraday bias in GBP/USD is back on the downside with break of 1.3080 temporary low. Sustained break of 61.8% projection of 1.4248 to 1.3158 from 1.3748 Read more…
Daily Pivots: (S1) 0.9269; (P) 0.9289; (R1) 0.9323; More…. Range trading continues in USD/CHF and intraday bias remains neutral for the moment. Choppy rise from 0.8925 would still be in favor to extend higher as Read more…
Daily Pivots: (S1) 115.91; (P) 116.05; (R1) 116.29; More… USD/JPY’s break of 116.34 resistance confirms up trend resumption. Intraday bias is back on the upside. Current rally should now target next long term resistance at Read more…
Yen is under some broad based pressure in Asia session despite some mild risk aversion sentiment. BoJ is clear to lag behind other major central bank in raising interest rates, due to the still underperforming Read more…
New Zealand BNZ Performance of Manufacturing Index rose from 52.3 to 53.6 in February. Looking at some details, Production rose from 51.1 to 52.1. Employment rose from 49.5 to 51.7. New Orders rose from 53.6 Read more…
RBA Governor Philip Lowe said it’s “plausible” for interest to be lifted from the current 0.1% this year. “It would be prudent to plan for an increase,” he added. “For many borrowers that’s going to Read more…