Daily Pivots: (S1) 1.3690; (P) 1.3720; (R1) 1.3738; More… Intraday bias in GBP/USD remains on the upside for 1.3833 resistance first. As noted before, corrective fall from 1.4282 should have completed with three waves down Read more…
Daily Pivots: (S1) 0.9087; (P) 0.9118; (R1) 0.9143; More…. Intraday bias in USD/CHF remains on the downside at this point. Firm break of 0.9084/0.9101 support zone will argue that choppy rise from 0.8925 has completed. Read more…
Daily Pivots: (S1) 113.88; (P) 114.29; (R1) 114.59; More… Intraday bias in USD/JPY remains on the downside as fall form 116.34 is accelerating towards 112.52 support. considering bearish divergence condition in in daily MACD, break Read more…
Yen trades broadly higher in Asian session, following broad based weakness in the stock markets. Nevertheless, mild risk-off sentiment is providing no support to Dollar, nor the hawkish comments from Fed officials. Dollar remains the Read more…
Key Highlights USD/JPY started a fresh decline from well above 116.00. It broke a major bullish trend line with support near 115.60 on the 4-hours chart. EUR/USD surged above 1.1400, and GBP/USD rallied above the Read more…
Fed Governor Christopher Waller told Bloomberg TV, “three hikes is still a good baseline; we will have to wait and see what inflation looks like in the second half of the year.” If inflation continues Read more…
In a Reuters interview, San Francisco Fed President Mary Daly said, “lifting off in March when you have an unemployment rate of 3.9%, and an inflation rate that’s north of our price stability goal of Read more…
An a CNBC interview, Philadelphia Fed President Patrick Harker said “we do need to take action on inflation. It is more persistent than we thought a while ago. I’ve been off the ‘transitory’ team for Read more…
Chicago Fed President Charles Evans said, “I readily admit – I have to be humble about this – I did not expect the inflation rates that we’re seeing and they have lasted longer than I Read more…
Richmond Fed Bank President Thomas Barkin said yesterday, “the closer that inflation comes back to target levels, the easier it will be to normalize rates at a measured pace,” “But were inflation to remain elevated Read more…