Day: January 6, 2024

The EUR/USD pair continued its downward trajectory, hovering near 1.0900 on Friday. Despite the annual inflation in the Euro area escalating to 2.9% in December, it fell short of the market’s 3% expectation, somewhat easing pressure on the ECB to act. Attention now turns to the eagerly awaited US December jobs report. Meanwhile, the GBP/USD […]

GBP Holds Firm Against USD GBP has been one of the better performers against USD this week. Despite the broad strength we’ve seen across USD pairs, GBPUSD has remain well supported, even with today’s better-than-forecast US jobs data. One explanation for this is the latest BOE meeting which saw the bank striking a more hawkish […]

Euro Stocks Up The DAX is pushing higher today on the back of the latest set of eurozone inflation figures released this morning. The index is still down around 2% from the week’s highs but has recovered more than 1% so far. The flash eurozone CPI reading for December came in at 2.9% on the […]

US Jobs Rise Again The latest set of jobs data out of the US today has added further pause-for-thought for those projecting near-term US rate cuts. With the headline NFP figure printing 216k vs 168k expected, the US economy is proving to be more resilient than many ere expecting over recent months. The unemployment rate […]

TitleEURJPY H4 | Bullish bounce TypeBullish Bounce Preference:The price could bounce off the pivot at 158.194, the pullback support, and rise to the 1st resistance level at 160.369, the pullback resistance. Alternative scenario:EURJPY could potentially pull back and breakout of the pivot at 158.194, and fall to the 1st support at 156.771, the pullback support […]