EURCHF: Key Support

In focus today Today, the key US data release is the January Jobs Report. Due to seasonal adjustments, we expect nonfarm payrolls growth to slow down to +150k (prior: +256k), with average hourly earnings rising by 0.3% m/m SA, and unemployment rate remaining at 4.1%. Additionally, the University of Michigan’s preliminary February consumer sentiment survey […]

ECB announces rate decision on Thursday at 13:15 GMT Policymakers to avoid rate cut signals as inflation risks linger in the background New economic projections might reflect potential changes in the ECB’s thinking Don’t expect rate cut signals Hawkish views by central bankers and positive economic data have led investors to reconsider their expectations of aggressive rate cuts. […]

EURJPY under strong bearish pressure Likely to fall to support level 163.10 EURJPY under the strong bearish pressure after the price reversed down from the major multi-year resistance level 170.00 (which started the sharp weekly downtrend back in 2007). The resistance level 170.00 was strengthened by the upper daily Bollinger Band and by the resistance […]