Markets US headline inflation in December hit the expected 4-decade high of 7% mark yesterday, even as energy and natural gas prices – a month’s-long driver – eased month over month. In another sign of Read more…
EUR/USD During yesterday’s trading session, the bulls have managed to violate the critical resistance level at 1.1360, taking out the currency pair from the range it has been trading in for quite a while. The Read more…
The EURUSD price jumped sharply in the overnight session as investors reflected on the latest American consumer price index (CPI) data. The pair rose to the highest level since November 11 after data showed that Read more…
It has been a relief to see the US inflation not going above expectations for once! The consumer price index in the US rose 7% y-o-y in December, the highest pace in four decades, BUT, Read more…
Daily Pivots: (S1) 1.1379; (P) 1.1416; (R1) 1.1477; More… Intraday bias in EUR/USD remains on the upside. Rebound from 1.1185 should target 38.2% retracement of 1.2265 to 1.1185 at 1.1598. As we’re tentatively treating is Read more…
Daily Pivots: (S1) 1.3646; (P) 1.3680; (R1) 1.3737; More… Intraday bias in GBP/USD remains on the upside as rise from 1.3158 is extending. No change in the view that corrective fall from 1.4282 should have Read more…
Daily Pivots: (S1) 0.9101; (P) 0.9172; (R1) 0.9215; More…. Intraday bias in USD/CHF remains on the downside for 0.9084/9101 support zone. Firm break there will argue that choppy rise from 0.8925 has completed. Deeper fall Read more…
Daily Pivots: (S1) 114.19; (P) 114.83; (R1) 115.28; More… USD/JPY’s fall from 116.34 accelerated lower. But we’ll still expect strong support from 114.26 resistance turned support to bring rebound. On the upside, above 115.03 minor Read more…
Daily Pivots: (S1) 1.2474; (P) 1.2527; (R1) 1.2558; More… USD/CAD’s fall from 1.2962 is still in progress and intraday bias stays on the downside. Rise from is finished at 1.2963, and possibly the whole pattern Read more…
Daily Pivots: (S1) 0.7226; (P) 0.7259; (R1) 0.7318; More… AUD/USD’s rebound from 0.6992 resumed by breaking through 0.7277 resistance. The development revives the case that correction form 0.8006 has completed after defending 0.6991. Intraday bias Read more…