Daily Pivots: (S1) 148.30; (P) 149.30; (R1) 150.03; More… While downside momentum is not too convincing, further decline is expected in USD/JPY as long as 150.92 support turned resistance holds. Current fall from 158.86 is seen as the third leg of the pattern from 161.94 high. Deeper decline should be seen to 61.8% retracement of […]
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Two major central banks will announce their monetary policy decisions today, with SNB leading, followed by BoE. SNB is widely expected to lower its policy rate by 25bps to 0.25%. With inflation at just 0.3% Read more…
Australia’s employment dropped sharply by -52.8k in February, significantly missing market expectations of 30k gain. The decline was broad-based, with full-time jobs falling by -35.7k and part-time employment down by -17k. Unemployment rate remained steady Read more…
New Zealand’s economy expanded by 0.7% qoq in Q4, surpassing expectations of 0.4% qoq and officially pulling the country out of recession. However, the broader picture remains mixed, as GDP still declined by -0.5% yoy, Read more…