It was risk off mood in markets this week as a cocktail of Russia-Ukraine tensions and the outlook for a hawkish Fed drove the VIX volatility gauge to one-year highs. The USD has strengthened significantly; Read more…
Summary The FOMC made it crystal clear on Wednesday that rate hikes are imminent, and Chair Powell embraced a hawkish tone in his post-meeting press conference. In that regard, Powell left open the possibility of Read more…
Markets Risk sentiment remains shaky with main European indices losing up to 2%. The EuroStoxx 50 does hold above the lows from the start of the week (4035) and the incoming mild uptrend line / Read more…
Cocoa farmers for Nestle will receive additional cash if they keep their children in school instead of allowing them to farm. The cocoa farmers who work for Nestle (NSRGY) – Get NSRGY Report will receive a Read more…
A mixed open is expected after mixed PCE , personal income and spending data. Labour costs remain high at 1% but have eased from 1.3%. US futures Dow futures -0.5% at 33850 S&P futures -0.30% Read more…
Personal income rose 0.3% m/m in December, slightly below the consensus forecast for 0.5% m/m. November growth was revised up from 0.4% m/m to 0.5% m/m. Compensation of employees (+0.6% m/m) was the primary driver Read more…
Daily Pivots: (S1) 1.1103; (P) 1.1173; (R1) 1.1214; More… EUR/USD’s decline is still in progress and intraday bias remains on the downside. Larger down trend from 1.238 has just resumed. Deeper fall should be seen Read more…
Daily Pivots: (S1) 1.3337; (P) 1.3403; (R1) 1.3447; More… Intraday bias in GBP/USD remains on the downside, as fall from 1.3748 is still in progress for retesting 1.3158 low first. Break there will resume larger Read more…
Daily Pivots: (S1) 0.9194; (P) 0.9220; (R1) 0.9268; More…. Intraday bias in USD/CHF stays on the upside, as rise from 0.9090 is in progress for retesting 0.9372 resistance first. Firm break there will target 0.9471 Read more…
Daily Pivots: (S1) 114.74; (P) 115.11; (R1) 115.75; More… Intraday bias in USD/JPY stays on the upside as rise from 113.46 is in progress for retesting 116.34 high. Decisive break there will resume larger up Read more…