Key Highlights EUR/USD started a fresh decline below the 1.1380 support. It traded below a bullish trend line with support near 1.1370 on the 4-hours chart. GBP/USD extended decline below the 1.3620 support zone. The Read more…
Daily Pivots: (S1) 113.49; (P) 113.82; (R1) 114.04; More… Intraday bias in USD/JPY remains mildly on the downside at this point. Considering bearish divergence condition in in daily MACD, it’s probably already in correction to Read more…
The forex markets are pretty steady in Asian session even though others trade with a slight risk-off tone. Major pairs and crosses are stuck inside Friday’s range for now. But volatility is guaranteed ahead, with Read more…
Japan PMI Manufacturing ticked up from 54.3 to 54.6 in January, below expectation of 55.0. PMI Services dropped sharply from 52.1 to 46.6. PMI Composite also dropped from 52.5 to 48.8. Usamah Bhatti, Economist at Read more…
Australia PMI Manufacturing dropped from 57.7 to 55.3 in January. PMI Services tumbled sharply from 55.1 to 45.0. PMI Composite also dropped from 54.9 to 45.3, first contraction follow three months of growth. All are Read more…
ECB Governing Council member Olli Rehn said over the weekend, “personally, I expect the economic data to remain relatively good despite being affected by the Omicron variant.” He added that rate hikes in 2023 would Read more…
Flash PMI data is released across Asia, Europe and the US. And on the back of last week’s risk-off week then markets may be more sensitive to soft data should it disappoint. US equities suffered Read more…
What began as a short-covering rally is now seeing increased bullish activity on the British pound futures contract. Traders reduced net-long exposure to the US by -$6.9 billion last week, according to IMM Euro futures Read more…
Cryptocurrency traders have been suffering a slow painful death after the Fed ran out of excuses in tackling inflation. In just a few months, Wall Street had to reprice a much more aggressive Fed tightening Read more…
EUR/USD: FOMC Meeting: the Day the Markets Are Waiting For The main event not only of the next week, but of the whole month will certainly be the meeting of the FOMC (Federal Open Market Read more…