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EUR/USD still respecting the technical channels for now

EUR/USD still respecting the technical channels for now

EUR/USD daily chartThe low last week tested the December low of 1.0723 and buyers held their ground. Since then, price action has been a bit more muted though. The 100-day moving average (red line) has kept a lid on any upside move while the floor remains at the...

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FX option expiries for 12 February 10am New York cut

FX option expiries for 12 February 10am New York cut

There aren't any major expiries to take note of for today. And looking out to the rest of the week, there doesn't seem to be too much else either. But we'll take things one day at a time to see how they play out.As for the start of the week, price action is likely to...

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US inflation the main draw in trading this week

US inflation the main draw in trading this week

All eyes this week will be on the US CPI data due tomorrow. The Fed has already came out to talk the talk, so it is now time for the data to walk the walk. The odds of a March rate cut have basically evaporated after the last Fed meeting. It is now at a measly ~18%,...

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A slow start to the new week

A slow start to the new week

Congrats to the Kansas City Chiefs for taking home yet another Lombardi Trophy. That makes it three Super Bowl titles in five years. Big reputation, big reputation. While the world watches on, it's a slow start to the new week for markets. And not surprisingly so,...

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