The S&P500 finished January with a strong two-day rally, but the index is still more than 5% lower than where it kicked off the year, having recorded its worst month since March 2020. Nasdaq closed Read more…
Daily Pivots: (S1) 1.1165; (P) 1.1207; (R1) 1.1274; More… Intraday bias in EUR/USD remains neutral for consolidation above 1.1120 temporary low. Further fall is expected as long as 1.1299 minor resistance holds. On the downside, Read more…
Daily Pivots: (S1) 1.3400; (P) 1.3431; (R1) 1.3475; More… Intraday bias in GBP/USD remains neutral for consolidation above 1.3356 temporary low. Further decline is expected with 1.3523 minor resistance intact. As noted before, rebound from Read more…
Daily Pivots: (S1) 0.9233; (P) 0.9288; (R1) 0.9324; More…. Intraday bias in USD/CHF remains neutral for the moment. Overall, with 0.9090 support intact, choppy rise from 0.8925 should extend higher. On the upside, above 0.9341 Read more…
Daily Pivots: (S1) 114.84; (P) 115.21; (R1) 115.50; More… Intraday bias in USD/JPY remains neutral for consolidation below 115.68 temporary top. Further rally is expected with 114.46 minor support intact. On the upside, break of Read more…
Daily Pivots: (S1) 1.2661; (P) 1.2726; (R1) 1.2769; More… Intraday bias in USD/CAD remains neutral for consolidation below 1.2795 temporary top. Further rise is expected with 1.2558 support intact. On the upside, break of 1.2795 Read more…
The Board has ceased the bond purchase program and significantly lifted its inflation forecasts but the Governor maintains the line that the sustainability of its inflation forecasts can only be achieved with much clearer evidence Read more…
Key takeaways We expect the Bank of England (BoE) will hike the Bank Rate by 25bp to 0.50% on Thursday. We expect the BoE will repeat that “some modest tightening of monetary policy […] is Read more…
Daily Pivots: (S1) 0.7011; (P) 0.7044; (R1) 0.7101; More… Intraday bias in AUD/USD remains neutral at this point. On the downside, sustained break of 0.6991 key support will confirm resumptions of whole down trend from Read more…
Australian Dollar dips broadly after RBA sounds surprisingly cautious regarding raising interest rates. But loss is so far very limited, as supported by improving market sentiment following strong rebound in US stocks overnight. Dollar is Read more…