Market movers today The week starts out very quietly on the data front with no major releases on the calendar. The big focus this week will be the flash PMIs for August out on both Read more…
Daily Pivots: (S1) 1.4570; (P) 1.4602; (R1) 1.4639; More… EUR/AUD dips mildly today but stays in established range. Intraday bias remains neutral first. Further decline is expected as long as 1.4804 resistance holds. On the Read more…
The markets are rather steady in Asian session today. With a near empty calendar, trading could remain subdued. Activity, however, might start to increase with the wave of flash PMI data to be released tomorrow. Read more…
USD/JPY: On the H4 chart, price has confirmed a bullish momentum breaking the previous high and moving toward the first resistance at 137.461 where the 78.6% fibonacci retracement and previous swing high sits. If bullish Read more…
China’s PBoC lowered the one-year loan prime rate (LPR) by 5bps to 3.65% today. The five-year LPR rate, which is used to price mortgages, was slashed by 15bps to 4.30%. The larger cut is the 5-year Read more…
RBNZ Deputy Governor Christian Hawkesby said the strategy now is to get the cash rate “comfortably above neutral” to bring down core inflation. And, “that will afford us some breathing space to see how things Read more…
Bundesbank President Joachim Nagel told Rheinischen Post, “the probability is rising that inflation will be higher than previously forecast and will average six point something next year.” That compares with Bundesbank’s prior projection of 4.5% Read more…
Key Highlights EUR/USD gained bearish momentum below the 1.0200 support. It traded below a major bullish trend line with support near 1.0190 on the 4-hours chart. GBP/USD accelerated lower below the 1.2000 support zone. USD/JPY Read more…
Illustration by Alex Castro / The Verge A concerned father says that after using his Android smartphone to take photos of an infection on his toddler’s groin, Google flagged the images as child sexual abuse Read more…