Markets European PMIs were nothing but the amuse-bouche ahead of the more important US economic update, if only because they don’t fuel further speculation for rate hikes per se but simply confirm the ECB’s rates status quo for longer. The stoic FX and FI income reaction was testament with EUR/USD hovering directionless just north of […]
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Daily Pivots: (S1) 1.3171; (P) 1.3271; (R1) 1.3323; More… Intraday bias in GBP/USD is turned neutral with current recovery and some consolidations would be seen. But risk will stay on the downside as long as Read more…
Daily Pivots: (S1) 159.23; (P) 159.49; (R1) 160.00; More… Intraday bias in USD/JPY is turned neutral with current retreat. On the upside, above 159.74 will target a retest of 161.94. Firm break there will confirm Read more…
Headline CPI inflation cooled in February to 1.8% year-on-year (y/y) slightly below consensus expectations. The GST/HST break ended partway through February 2025, which lead to large price increases in that month, but puts downward pressure Read more…