Daily Pivots: (S1) 159.00; (P) 159.46; (R1) 160.36; More… Intraday bias ins back on the upside with breach of 159.74 temporary top. Current rise from 152.25 should target a retest on 161.94 high. Firm break Read more…
UK labor market data showed further signs of cooling in February, with wage growth easing and employment momentum weakening. Payrolled employees rose modestly by 20k on the month to 30.3 million, but were still down Read more…
Daily Pivots: (S1) 0.7867; (P) 0.7903; (R1) 0.7967; More…. USD/CHF’s rise from 0.7603 resumed by breaking through 0.7921 temporary top. Intraday bias is back on the upside. The current rally is seen as correcting whole Read more…
Risk aversion deepened across global markets as the combination of escalating energy conflict and a more inflation-focused Federal Reserve weighed on sentiment. While the initial selloff in US equities overnight was triggered by a sharp Read more…
Three major central bank decisions are due, with Swiss National Bank, Bank of England, and European Central Bank all widely expected to leave policy unchanged. Markets are therefore less focused on the decisions themselves and Read more…
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Bank of Japan left its policy rate unchanged at around 0.75% as widely expected, and maintained a clear tightening bias, signaling that further rate hikes remain on the table. The decision was passed by an Read more…
Australia’s labor market delivered a strong headline in February, with employment rising by 48.9k, well above expectations of 20k. However, the details painted a softer picture, as the unemployment rate jumped from 4.1% to 4.3%, Read more…
New Zealand’s economy expanded by just 0.2% qoq in Q4, missing expectations of 0.4% qoq and slowing sharply from Q3’s 0.9% qoq pace. On an annual basis, GDP rose 0.2% yoy, marking the first year-on-year Read more…
Key Highlights GBP/USD extended losses and traded below 1.3300. A key bearish trend line is forming with resistance at 1.3380 on the 4-hour chart. EUR/USD seems to be facing resistance near 1.1550 and 1.1565. Gold Read more…