Daily Pivots: (S1) 0.8743; (P) 0.8815; (R1) 0.8852; More… EUR/GBP’s break of 0.8768 support and 38.2% retracement of 0.8545 to 0.8896 at 0.8762 now argues that whole rebound form 0.8545 has completed at 0.8996. Intraday bias is back on the downside for 61.8% retracement at 0.8679. Sustained break there will pave the way back to […]
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US producer prices surprised to the upside in February, with PPI rising 0.7% mom, more than double expectations of 0.3% mom. The annual rate accelerated to 3.4% yoy from 2.9% yoy, marking the strongest pace Read more…
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Key takeaways BoJ policy pause amid stagflation risks: The Bank of Japan is expected to keep rates unchanged at 0.75%, balancing rising inflation with slowing growth as higher oil prices from the US–Iran war in Read more…