Markets Yesterday, investor confidence faded throughout the day and finally resulted even in a standard risk-off repositioning. A positive risk sentiment in Asia encouraged by the outlook for further PBOC easing initially only modestly inspired Read more…
UK retail sales dropped sharply by -3.7% mom in December, much worse than expectation of -0.6% mom decline. Overall retail sales volume was still 2.6% higher than their pre-coronavirus February 2020 levels. For the year, Read more…
American stocks made a strong comeback on Thursday as investors reflected on the strong earnings. While companies like Goldman Sachs, JP Morgan, and Citi’s earnings disappointed, most others have reported strong results. These are companies Read more…
We saw a second day of gains then losses in major US indices. The stocks first rallied on the idea that the Federal Reserve (Fed) hawks may have gone ahead of themselves with the pricing Read more…
Daily Pivots: (S1) 1.1286; (P) 1.1327; (R1) 1.1352; More… Intraday bias in EUR/USD remains neutral first. As noted before, rebound from 1.1185 is seen as corrective move. Break of 1.1284 will argue that larger down Read more…
Daily Pivots: (S1) 1.3569; (P) 1.3616; (R1) 1.3644; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. While deeper fall cannot be ruled out, downside of retreat should be contained by 1.3489 support Read more…
Daily Pivots: (S1) 0.9148; (P) 0.9164; (R1) 0.9190; More…. Intraday bias in USD/CHF remains neutral as it’s still staying in consolidation from 0.9090. On the downside, firm break of 0.9084 support will argue that choppy Read more…
Daily Pivots: (S1) 113.89; (P) 114.22; (R1) 114.47; More… Intraday bias in USD/JPY remains on the downside at this point. Break of 113.47 will resume the fall from 112.52 structural support. Considering bearish divergence condition Read more…
Daily Pivots: (S1) 0.7198; (P) 0.7237; (R1) 0.7266; More… Intraday bias in AUD/USD remains neutral at this point as range trading continues. We’re still slightly favoring the case that correction from 0.8006 is complete after Read more…
Daily Pivots: (S1) 1.2464; (P) 1.2491; (R1) 1.2528; More… Downside momentum is diminishing in USD/CAD as seen in 4 hour MACD. But with 1.2569 resistance intact, further decline is still expected. As noted before, the Read more…