DXY: On the weekly timeframe, prices were on bullish momentum and abiding to our ascending trendline. We see the potential for a dip from our 1st resistance at 97.892 in line with 200% Fibonacci projection Read more…
Daily Pivots: (S1) 0.8313; (P) 0.8336; (R1) 0.8350; More… Intraday bias in EUR/GBP remains on the downside for 0.8304 support first. Break there will remain larger down trend and target 0.8276 long term support next. Read more…
Dollar remains overwhelmingly the strongest one for the week, as boosted by intensified Fed hike expectations. Sterling is trying to catch and trading as the next stronger, with special help from buying against Euro. Australian Read more…
Bitcoin stabilized after hitting 33000 and turned sideway. But risk is still staying heavily on the downside with 39636 support turned resistance intact. Current down trend from 68986 could extend with another falling leg, towards Read more…
Gold is now back below 1800 handle as fall from 1853.70 extends. The development further affirms the case that rebound from 1752.32 has completed with three waves up to 1853.70. Deeper decline is expected as Read more…
IMF said in a report that BoJ’s commitment to maintaining prolonged monetary accommodation remains “appropriate”. It expects that a “prolonged period of monetary policy accommodation, flexible fiscal policy, and inclusive growth-oriented reforms will be required Read more…
Key Highlights USD/JPY gained pace after it broke the 114.50 resistance. It traded above a major bearish trend line near 114.20 on the 4-hours chart. EUR/USD declined heavily below the 1.1220 support. GBP/USD extended decline Read more…
PCE inflation data will wrap up a very busy week for the US dollar on Friday. The Fed’s favourite inflation metric will be accompanied by personal income and spending numbers when released at 13:30 GMT. Read more…
The Reserve Bank Board meets next week on February 1. The Governor will be addressing the National Press Club on February 2 and the Bank will release its February Statement on Monetary Policy on February Read more…
The RBA meets next Tuesday, February 1st, for the first time in 2022. Employment and inflation data have beaten expectations by sufficient margin to encourage the bank to take its next shift to further policy Read more…