Markets The ECB delivered a hawkish surprise. The APP will wind down more rapidly with purchases of €40bn in April, €30bn in May and €20bn in June. Previously, those same amounts would have been bought Read more…
The Dow Jones 30 turned south after talks between Russia and Ukraine stalled again. A rebound above 34000 has provided some relief. Nonetheless, enthusiasm could be short-lived after the index gave up all recent gains. Read more…
Silver consolidates amid ongoing geopolitical instability. A bearish RSI divergence suggests a deceleration in the rally. A tentative break below 25.40 has prompted some buyers to take profit. While sentiment remains optimistic, a correction might Read more…
The New Zealand dollar inched higher supported by roaring commodity prices. A break above the daily resistance at 0.6890 has put the kiwi back on track in the medium term. A bullish MA cross on Read more…
Market movers today The war in Ukraine continues to be the main focus with ebbs and flows in the prospect of a peace deal driving markets. EU leaders will meet for their summit in Versailles Read more…
Gains in equities reversed on Thursday, but industrial metals traded south, and crude oil cheapened despite a tense geopolitical environment, as the worries that such a spike in energy and commodity prices would certainly curb Read more…
Daily Pivots: (S1) 151.55; (P) 152.27; (R1) 152.67; More… Intraday bias in GBP/JPY stays neutral as consolidation from 150.95 is still extending. Further decline is still expected as long as 155.20 resistance holds. On the Read more…
Daily Pivots: (S1) 1.4845; (P) 1.4999; (R1) 1.5086; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. Further decline is still expected as long as 1.5354 support turned resistance holds. On the downside, Read more…
Daily Pivots: (S1) 1.0184; (P) 1.0244; (R1) 1.0281; More…. Intraday bias in EUR/CHF remains neutral and outlook is unchanged. As long as 1.0298 support turned resistance holds, larger decline from 1.1149 is still in favor Read more…
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…