Swiss CPI rose 0.5% mom in June, above expectation of 0.3% mom. The monthly rise was due to several factors including rising prices for fuel, heating oil, and fruiting vegetables. Over the 12-month period, CPI Read more…
Markets Fears on a potential sharp setback in (US and global) growth again outweighed persistent high inflation as a driver for trading on Friday. The flash preliminary EMU CPI printed higher than expected at 0.8% Read more…
Appetite in Asia was mixed. US futures gave back a part of Friday’s gains, but FTSE and European futures hint at a positive start despite escalating tensions in Ukraine after the fall of Lysychansk in Read more…
Daily Pivots: (S1) 1.0366; (P) 1.0428 (R1) 1.0489; More… EUR/USD is still holding in range above 1.0339/58 support zone and intraday bias remains neutral first. Further decline is expected as long as 1.0614 resistance holds. Read more…
It’s a rather slow start to the week, with major pairs and crosses stuck inside Friday’s range. Trading could remain subdued for the day with the US on holiday. But there are lots of events Read more…
CHF/JPY’s up trend should have passed its climax for the near term. It has been lifted by buying in Swiss Franc on SNB’s hawkish rate hike in June, while BoJ is still standing firm by Read more…
Traders aggressively increased their net-long exposure to the US dollar index (DXY) ahead of last week’s FOMC meeting. Commitment of traders – as of Tuesday 28th June 2022: Positioning among FX majors were relatively small Read more…
Australia’s Department of Industry, Science and Resources said in a new quarterly report that resources and energy exports earnings are expected deliver two successive record years in 2021-2022 and 2022-2023, before falling slightly in 2023-24 Read more…
DXY: On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices to 1st resistance at 105.794 where Read more…
We start the week with the psychology of the market shifting radically from inflation concerns to one now where we’re firmly focused on growth. Friday’s US ISM manufacturing report showed a big deterioration in the Read more…