Nikkei 225: Plummeted Towards a Key Inflection Support Zone at 49,370/48,450 for Potential Bullish Reversal

In focus today In the euro area, we receive February PPI data. In Poland, the Polish central bank wraps up its two-day monetary policy meeting. We expect an unchanged policy rate at 5.75%, in line with consensus. In Switzerland, inflation for March is published at 8.30 CET. In Sweden, Riksbank Minutes are released 09.30 CET. […]

Japanese authorities have not confirmed whether they have intervened in the market to support the Yen. USD/JPY broke a long-term descending trendline but found support near the 100-day MA and 155.00 level. Price Action outlook and potential setups on USD/JPY and GBP/JPY. Fundamental Overview The Japanese Yen is enjoying a stellar week thanks in part […]

Last week ended with slowing appetite after the Federal Reserve (Fed) cast doubt on another 25bp cut in December and Big Tech earnings failed to impress investors despite beating lofty expectations. But nearly two-thirds of S&P 500 companies have already reported earnings, showing more than 10% year-on-year growth — higher than analysts had expected and […]