GBP/USD: Extended Sideways Mode Looks for Fresh Direction Signals
Cable remains in extended sideways mode and moving around 200DMA (1.2023), with psychological 1.20 support […]
GBPJPY Rises from 3-month Low But Still Negative
GBPJPY edged higher from the 155.30 support level but remains well below the bearish crossover […]
UK PMI services finalized at 49.9 in Dec, fractional fall in activity
UK PMI Services was finalized at 49.9 in December, up from November’s 48.8. S&P Global […]
AUDUSD Consolidates After 200-day SMA Curbs Advance
AUDUSD has been in a recovery mode since mid-October when its long-term downtrend hit a bottom […]
Calendar Modestly Interesting With US ADP Labour Data
Markets Yesterday, trading basically followed the pattern from earlier this week. Bonds rallied, with Europe […]
Fed Pricing Remains Too Soft
Released yesterday, the FOMC minutes were hawkish enough to get the S&P500 erase early gains, […]
The Fed Keeps a Close Eye on the Labour Market
Market movers today Today’s data calendar is thin. After yesterday’s bunch of data releases and […]
Japanese Yen in Focus as Crude Oil Sails South. Will Lower Energy Prices Sink USD/JPY?
The Japanese Yen has steadied after losing ground to the US Dollar overnight after the […]
China Caixin PMI composite improved to 48.3, continuing contraction
China Caixin PMI Services rose from 46.7 to 48.0 in December, above expectation of 47.5. […]
FOMC Minutes: Anticipate ongoing rate hikes appropriate
In the minutes of the December FOMC meeting, the participants agreed that inflation was “unacceptably […]
British Pound Technical Outlook Diverges With GBP/USD, GBP/JPY Positioning Signals
As the British Pound gained on Wednesday, retail traders responded by boosting GBP/USD and GBP/JPY […]
Eurozone PPI at -0.9% mom, 27.1% yoy in Nov
Eurozone PPI came in at -0.9% mom, 27.1% yoy in November, versus expectation of -0.8% […]