Fed Chair Jerome Powell acknowledged that the latest inflation data released yesterday confirms the US is making progress but is still “not there on inflation.” Following January’s stronger-than-expected CPI report, Powell said in the Congressional testimony that Fed will “keep policy restrictive for now” to bring price pressures down. Powell also underlined that the “economy […]
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Daily Pivots: (S1) 0.8320; (P) 0.8338; (R1) 0.8363; More… Intraday bias in EUR/GBP stays neutral for the moment and near term outlook is mixed. On the upside, above 0.8376 minor resistance will bring stronger rally Read more…
Daily Pivots: (S1) 1.6455; (P) 1.6512; (R1) 1.6593; More… EUR/AUD’s strong rebound argues that price actions from 1.6800 could have completed as a three wave corrective pattern to 1.6391. Intraday bias is back on the Read more…
Daily Pivots: (S1) 0.9450; (P) 0.9479; (R1) 0.9516; More…. Intraday bias in EUR/CHF stays neutral first. On the upside, firm break of 0.9516 will resume whole rally from 0.9204. Nevertheless, below 09441 minor support will Read more…