Daily Pivots: (S1) 130.05; (P) 131.34; (R1) 132.29; More…. Intraday bias in EUR/JPY remains on the downside at this point. Corrective pattern from 134.11 is extending with another falling leg. Deeper fall would be seen Read more…
US Inflation has skyrocketed in January to 7.5%, recording the largest annual increase in 40 years. This jump in prices is the fastest pace of inflation since 1982. Part of the Fed’s job is to Read more…
Market movers today The tense situation between Russia, Ukraine and the West remains a key focus for markets, as German chancellor Olaf Scholz travles to Kyiv today and meets president Putin in Moscow tomorrow. While Read more…
Daily Pivots: (S1) 155.71; (P) 156.71; (R1) 157.55; More… Intraday bias in GBP/JPY remains neutral for the moment. On the downside, break of 155.11 resistance should confirm rejection by 158.19 resistance. Intraday bias will be Read more…
Asian markets open with heavy selling today as worries remain that Russia could invade Ukraine “any day now”. New Zealand Dollar is leading Aussie lower on risk aversion. But Canadian Dollar is the stronger one Read more…
New Zealand BusinssNZ Performance of Services index dropped -3.9 to 45.9 in January. That was the lowest result since October 2021. Looking at some details, activity/sales dropped sharply from 50.7 to 44.1. Employment ticked down Read more…
ECB Governing Council member Olli Rehn said on Saturday, “If we reacted strongly to inflation in the short term, we would probably cause economic growth to stop. It’s better to look beyond short-term inflation and Read more…
San Francisco Fed President Mary Daly told CBS on Sunday, “it is obvious that we need to pull some of the accommodation out of the economy”. However, “history tells us with Fed policy that abrupt Read more…
DXY: On the H4 timeframe, prices are approaching a pivot resistance and are experiencing bearish momentum. We see the potential for a dip from our 1st resistance at 96.224 in line with 50% Fibonacci retracement Read more…
Key Highlights EUR/USD failed near 1.1495 and started a downside correction. It traded below a key bullish trend line with support near 1.1385 on the 4-hours chart. GBP/USD is still struggling to clear the key Read more…