Daily Pivots: (S1) 1.2586; (P) 1.2637; (R1) 1.2714; More… USD/CAD’s rise from 1.2448 resumed after brief retreat and intraday bias back on the upside for 1.2812 resistance first. Break there will target 1.2963 high next. Read more…
Daily Pivots: (S1) 114.07; (P) 114.38; (R1) 114.99; More… Intraday bias in USD/JPY remains neutral at this point. On the upside, break of 115.05 minor resistance will revive near term bullishness and bring retest of Read more…
Daily Pivots: (S1) 0.9194; (P) 0.9220; (R1) 0.9268; More…. USD/CHF rises further to as high as 0.9256 so far today and focus is now on 0.9276 resistance. Break there should resume the choppy rise from Read more…
Daily Pivots: (S1) 1.3431; (P) 1.3478; (R1) 1.3511; More… GBP/USD’s fall resumes by breaking 1.3435 and intraday bias is back on the downside. As noted before, rebound from 1.3158 could have completed at 1.3748 already. Read more…
Swiss trade surplus came in at CHF 3.69B in December, below expectation of CHF 5.23B. For 2021 as a whole, exports rose 15.2% to a new record high at CHF 259.5B. Imports rose 10.1% to Read more…
Germany Gfk Consumer Sentiment for February rose 0.2 pts to -6.7, better than expectation of -8.0. In January, economic expectations rose from 17.1 to 22.8. Income expectations rose from 6.9 to 16.9. Propensity to buy Read more…
Short Term Elliott Wave view in USDCAD suggests that rally from October 20, 2021 low is unfolding as a zigzag Elliott Wave structure. Up from October 20 low, wave (A) ended at 1.2963 and pullback Read more…
In a reversal of roles, Australian Q4 CPI data released earlier this week has proved to be a reliable predictor of inflation in New Zealand, as annual inflation in New Zealand accelerated to a 30 Read more…
Jerome Powell didn’t really sooth investors’ nerves at yesterday’s policy statement. He said that the Federal Reserve (Fed) won’t refrain from back-to-back rate hikes to get the inflation situation straight. His words sent the US Read more…
Market movers today Markets will continue to digest yesterday’s FOMC message and watch out for Russia-Ukraine headlines, amid a light data calendar in Europe. US Q4 21 GDP figures are released and we expect them Read more…