Daily Pivots: (S1) 0.9258; (P) 0.9282; (R1) 0.9316; More…. Intraday bias in USD/CHF remains neutral for the moment. Choppy rise from 0.8925 would still be in favor to extend higher as long as 0.9090 support Read more…
Daily Pivots: (S1) 115.36; (P) 115.58; (R1) 115.88; More… USD/JPY is still bounded in sideway trading between 114.40 and 116.34 and intraday bias remains neutral first. On the upside, firm break of 116.34 will resume Read more…
Daily Pivots: (S1) 0.7229; (P) 0.7288; (R1) 0.7332; More… Intraday bias in AUD/USD remains neutral at this point. Some more correction could be seen and deeper pull back cannot be ruled out. But further rally Read more…
China PPI slowed from 9.1% yoy to 8.8% yoy in February, above expectation of 0.8% yoy. Senior National Bureau of Statistics statistician Dong Lijuan said, PPI was “affected by the increased commodity prices globally such Read more…
Australia Westpac consumer sentiment index dropped -4.2% to 96.6 in March, down from 100.8. That’s the worst reading since September 2020, which was also the last time thee index was below the 100-level. Westpac said: Read more…
RBA Governor Philip Lowe reiterated in a speech that Australia has the “scope to wait and assess incoming information” before working on interest rates. He highlighted two issues that policymakers are “paying close attention to”. Read more…
Fitch Ratings has downgraded Russia’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘C’ from ‘B’. The ‘C’ rating reflects Fitch’s view that a sovereign default is imminent. The rating agency said developments since March Read more…
US CPI inflation readings for February will be out on Thursday at 12:30 GMT, likely generating more anxiety for Fed policymakers amid the Ukrainian geopolitical nightmare as price pressures are expected to have intensified further. The US dollar Read more…
AUDUSD has snagged around the ascending 50-period simple moving average (SMA) around 0.7279 after its latest deep retracement from a four-month high of 0.7440. The SMAs are essentially defending the rally that began from the Read more…
The US will release CPI data for February on Thursday. Expectations are once again for a high reading. This month economists are looking for a 7.9% YoY reading vs a 7.5% YoY print in January. Read more…