Daily Pivots: (S1) 1.3544; (P) 1.3572; (R1) 1.3613; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the upside, break of 1.3642 will resume the rebound from 1.3356 to 1.3748 resistance. Firm Read more…
Daily Pivots: (S1) 0.9199; (P) 0.9230; (R1) 0.9253; More…. Outlook in USD/CHF is unchanged as range trading continues. Intraday bias stays neutral first. Overall, further rally is mildly in favor as long as 0.9090 support Read more…
Daily Pivots: (S1) 115.28; (P) 115.53; (R1) 115.71; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, below 115.00 will extend the fall from 116.33, as the third leg of the Read more…
Daily Pivots: (S1) 1.2661; (P) 1.2693; (R1) 1.2723; More… Range trading continues in USD/CAD and intraday bias remains neutral for the moment. Further rally is mildly in favor with 1.2634 support intact. On the upside, Read more…
Daily Pivots: (S1) 0.7158; (P) 0.7182; (R1) 0.7219; More… AUD/USD is still staying in range below 0.7247 and intraday bias remains neutral for the moment. Further rise would remain mildly in favor as long as Read more…
Australian Dollar rises mildly in Asian session, together with New Zealand Dollar. But both were hammed down after a Russian media reported that Ukraine forces opened fire on four settlements of the LPR. Overall market Read more…
Australia employment grew 12.9k in January, better than expectation of 0k. Full-time jobs dropped -17k but part-time jobs rose 30k. Unemployment rate was unchanged at 4.2%, but participation rate rose 0.1% to 66.2%. Monthly hours Read more…
Japan exports rose 9.6% yoy to JPY 6332B in January. Imports surged 39.6% yoy to record JPY 8523B. Trade balance came in as JPY -2191B deficit, largest single month deficit since January 2014. Exports to Read more…
Minneapolis Fed President Neel Kashkari said yesterday that it’s “appropriate” to start normalizing policy. However, he cautioned “let’s not overdo it”. “If we raise rates really aggressively, we run the risk of slamming the brakes Read more…
The minutes of the January FOMC meeting contained little surprises. Fed acknowledged that ” recent inflation readings had continued to significantly exceed the Committee’s longer-run goal and elevated inflation was persisting longer than they had Read more…