Daily Pivots: (S1) 1.0836; (P) 1.0874; (R1) 1.0918; More… Intraday bias in EUR/USD remains neutral as consolidations continues below 1.0946. In case of another fall, downside should be contained by 38.2% retracement of 1.0358 to 1.0946 at 1.0721 to bring rebound. On the upside, break of 1.0946 will resume the rally from 1.0176 to retest […]
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Markets US data screamed stagflation but markets didn’t bother this time around. A steep drop in consumer confidence (University of Michigan) coincided with a sharp rise in the year-ahead inflation expectations series and an even Read more…
A set of Chinese data released earlier today looked better-than-expected; the fixed asset investment unexpectedly accelerated in February, growth in industrial production slowed less than expected – a slowdown due to the Chinese new year Read more…
In focus this week The main spotlight of the week will be on news regarding the negotiations of the German fiscal package. The package is scheduled to be passed in the Bundestag on Tuesday and Read more…