Markets Investors still ponder the consequences of the ‘amended guidance’ from yesterday’s Fed minutes. If omicron doesn’t derail the recovery, a return to monetary ‘normality’ might be the market narrative for 2022. For the Fed, Read more…
The euro is showing little movement, as it trades just above the 1.13 line. German Factory Orders recovered in November, with a robust gain of 3.7% m/m. This follows a sharp decline of -5.8% m/m Read more…
Canada recorded an increase in its merchandise trade surplus to $3.1 billion in November, up from a $2.3 billion surplus in October. Merchandise exports increased at a solid, 3.8% pace (month/month), and imports were up Read more…
US ISM Services dropped sharply from 69.1 to 62.0 in December, much worse than expectation of 67.2. Looking at some details, business activity/production dropped from 74.6 to 67.7. New orders dropped from 69.7 to 61.5. Read more…
Daily Pivots: (S1) 1.1278; (P) 1.1312; (R1) 1.1348; More… Intraday bias in EUR/USD remains neutral as range trading continues. On the upside, firm break of 1.1385 resistance will resume the rebound from 1.1186. Sustained trading Read more…
Daily Pivots: (S1) 1.3520; (P) 1.3559; (R1) 1.3596; More… Intraday bias in GBP/USD remains neutral for the moment. Further rally is still expected as long as 1.3430 support holds. We’re seeing corrective fall from 1.4248 Read more…
Daily Pivots: (S1) 0.9149; (P) 0.9166; (R1) 0.9192; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 0.9200 resistance will argue that fall from 0.9372 has completed with three Read more…
Daily Pivots: (S1) 115.74; (P) 115.99; (R1) 116.36; More… USD/JPY is staying in consolidation below 116.34 temporary top and intraday bias remains neutral. Some consolidations could be seen but downside should be contained well above Read more…
Yen is trying to recover on weaker risk sentiment today. But momentum is relatively soft against Dollar and Europeans. Aussie and Kiwi follow broader risk markets lower. Sterling and Dollar remain the strongest ones for Read more…
The Canadian dollar has extended its losses on Thursday as USD/CAD briefly punched above the 1.28 line earlier today. It has been a rough start to 2022 for the Canadian dollar, which has fallen over Read more…