Daily Pivots: (S1) 0.9447; (P) 0.9492; (R1) 0.9528; More…. Intraday bias in USD/CHF remains neutral for consolidation below 0.9535. Downside of retreat retreat should be contained by 0.9372 resistance turned support to bring another rally. Read more…
Daily Pivots: (S1) 127.09; (P) 128.24; (R1) 129.03; More… Intraday bias in USD/JPY remains neutral for the moment. Consolidation from 129.39 temporary top is extending and deeper retreat cannot be ruled out. But downside should Read more…
Inflation data were the main drivers in the forex markets in the past 12 hours. New Zealand Dollar turned slightly weaker after Q1 CPI came in lower than expected, despite surging to 30-year high. On Read more…
DXY: On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance of 101.085 in line with the swing high resistance, 161.8% Fibonacci Read more…
New Zealand CPI rose 1.8% qoq in Q1, below expectation of 2.0% qoq. For the 12-month period, CPI accelerated from 5.9% yoy to 6.9% yoy, below expectation of 7.1% yoy. That’s nonetheless still the highest Read more…
Sanjaya Panth, deputy director of the IMF’s Asia and Pacific Department, said Yen’s depreciation is “driven by fundamentals. “Economic policymaking should continue to look at fundamentals. We don’t see any reason to change economic policy Read more…
BoJ announced yesterday another round of bond purchases to defend the 10-year JGB yield cap at 0.25%. It will carry out unlimited purchases through auctions on April 21, 22, 25, and 26, with 0.25% fixed-rate Read more…
San Francisco Fed President Mary Daly said yesterday that ” an expeditious march to neutral by the end of the year as a prudent path.” And it’s the “top priority” to move “purposefully to a Read more…
Consumer prices rose 1.8% in the March quarter. Coming on top of the large price increases we saw last year, that took the annual inflation rate to a three decade high of 6.9% (up from Read more…
Key Highlights USD/CAD started a downside correction from 1.2675. It traded below a major bullish trend line at 1.2580 on the 4-hours chart. EUR/USD could attempt a move above 1.0900, and GBP/USD is facing hurdles Read more…