Market movers today Monday’s data calendar is light with only German industrial production data for December due. Consensus expects stabilisation in monthly figures after a contraction in November. Today’s EP hearing with ECB president Lagarde Read more…
ECB Governing Council member Martins Kazaks said in a Reuters interview that a July rate hike “would imply an extremely and unlikely quick pace of tapering”. Overall, “at the current juncture, naming a specific month Read more…
The US Dollar started a steady increase from the 1.2650 support zone against the Canadian Dollar. The USD/CAD pair gained pace for a move above the 1.2700 level. The pair even cleared the 1.2740 level Read more…
Although the dollar index fell to the lowest level in two years, it has room to recover. JPMorgan believes that the US dollar can continue its upward journey even after the Federal Reserve starts raising Read more…
DXY: On the H4 timeframe, prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our 1st resistance at 95.713 in line with 23.6% Fibonacci retracement Read more…
Daily Pivots: (S1) 1.1415; (P) 1.1449; (R1) 1.1486; More… Intraday bias in EUR/USD remains on the upside at this point. A medium term top could be in place at 1.1120, on bullish convergence condition in Read more…
Daily Pivots: (S1) 1.3484; (P) 1.3549; (R1) 1.3594; More… Intraday bias in GBP/USD remains neutral at this point. On the upside, break of 1.3627 will resume the rebound to 1.3748 resistance. Firm break there will Read more…
Daily Pivots: (S1) 0.9213; (P) 0.9236; (R1) 0.9279; More…. Intraday bias in USD/CHF remains neutral first. Further rise will remain mildly in favor as long as 0.9090 support holds. break of 0.9372 will resume the Read more…
Daily Pivots: (S1) 114.84; (P) 115.13; (R1) 115.49; More… Intraday bias in USD/JPY remains neutral for the moment. Consolidation from 116.34 is still extending. On the upside, break of 115.68 will resume the rebound from Read more…
Daily Pivots: (S1) 0.7035; (P) 0.7094; (R1) 0.7135; More… Intraday bias in AUD/USD is mildly on the downside for retesting 0.6966. Firm break there and sustained trading below 0.6991 will extend the down trend from Read more…