Day: March 2, 2023

ISM Manufacturing Due Today The latest US ISM manufacturing data due today will be the key data focus for the session ahead. Recent upside in US data, alongside higher inflation, has been a key driver of the shift in the market’s Fed expectations. Traders are now anticipating a more hawkish stance from the Fed in […]

GBP On the Up GBP has been well bid across the Asian session and early European session today in response to news of UK PM Sunak’s Brexit breakthrough. The PM and EC president Ursula von der Leyen yesterday agreed to a new set of trade terms for Northern Ireland which, both sides hope, will finally […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are nearing the overbought area. The RSI is returning to the resistance line. As a result, a test of 8/8 (137.50) should be expected, followed by a bounce off it and falling to the support level of 6/8 (134.37). The scenario can be cancelled by […]

EURUSD, “Euro vs US Dollar” On H4, at the support level the pair has formed a Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the growth might be 1.0650. However, the price may drop to 1.0530 and continue the downtrend without pulling back to the […]

Financial markets face a difficult choice between two narratives: a soft landing in key economies after a period of high inflation (thanks to the restart of China’s economy) and signs of a stubborn inflation that call into question the dovish policy outlook of central banks this year. The search for equilibrium is likely to keep […]

Inflation Drops Back in Feb The RBA will no doubt be welcoming the latest Australian inflation data received overnight. Yearly CPI was seen falling back to 7.4% in February, down from the 8.4% peak marked in January and below the 8.1% reading the market was looking for. The spike in January inflation threw a major […]