US stocks rose on Tuesday even after the hawkish statement from Jerome Powell on Monday. The Dow Jones rose by over 250 points while the Nasdaq 100 index added about 300 points. On Monday, Powell Read more…
Asian markets rally The perpetual armies of bullish investors dominated New York overnight, and also key fast-money markets like Japan today, as they wishfully priced there was no more bad news to come from Eastern Read more…
Equities rallied and treasuries dived yesterday, as a sign that investors are cheering the Federal Reserve’s (Fed) plan to deal more aggressively with the skyrocketing inflation – which is certainly more toxic in the longer Read more…
Market movers today Today we get the euro area consumer confidence from March, an early signal of how consumer sentiment has been affected by the war in Ukraine. Consensus expects a drop to -12.9 from Read more…
UK CPI rose 0.8% mom in February, above expectation of 0.6% mom. That’s also the largest monthly rise since 2009. On a 12-month basis, CPI surged from 5.5% to 6.2% yoy, above expectation of 5.9% Read more…
Daily Pivots: (S1) 1.0979; (P) 1.1013; (R1) 1.1064; More… Outlook in EUR/USD is unchanged and intraday bias stays neutral first. On the downside, below 1.0899 minor support will turn bias back to the downside for Read more…
Daily Pivots: (S1) 1.3164; (P) 1.3219; (R1) 1.3318; More… Intraday bias in GBP/USD remains on the upside at this point. Rebound from 1.2999 short term bottom is targeting 55 day EMA (now at 1.3355). Sustained Read more…
Daily Pivots: (S1) 0.9303; (P) 0.9339; (R1) 0.9365; More…. Intraday bias in USD/CHF stays neutral as range trading continues. On the downside, below 0.9293 will extend the pull back from 0.9459 to 55 day EMA Read more…
Daily Pivots: (S1) 119.82; (P) 120.43; (R1) 121.41; More… Intraday bias in USD/JPY stays on the upside for 100% projection of 109.11 to 116.34 from 114.40 at 121.63. Sustained break there will pave the way Read more…
Daily Pivots: (S1) 0.7406; (P) 0.7439; (R1) 0.7502; More… Intraday bias in AUD/USD remains on the upside for the moment. Current rise from 0.6966 should target 0.7555 resistance. Decisive break there should confirm that whole Read more…