UK CPI rose 0.5% mom in September, above expectation of 0.4% mom. In the 12 months to September, CPI accelerated from 9.9% yoy to 10.1% yoy, above expectation of 10.0% yoy. That’s the highest level Read more…
Daily Pivots: (S1) 1.3657; (P) 1.3734; (R1) 1.3810; More… Intraday bias in USD/CAD remains neutral as consolidation from 1.3976 is still extending. Outlook will stay bullish as long as 1.3501 support holds. Firm break of Read more…
Daily Pivots: (S1) 0.6270; (P) 0.6305; (R1) 0.6344; More… Intraday bias in AUD/USD remains neutral and further decline is expected with 0.6362 support turned resistance intact. Firm break of 100% projection of 0.7660 to 0.6680 Read more…
Daily Pivots: (S1) 0.9759; (P) 0.9805; (R1) 0.9891; More… Range trading continues in EUR/USD and intraday bias remains neutral. Deeper decline is expected with 0.9998 resistance intact. Below 0.9630 will bring retest of 0.9534 low Read more…
Daily Pivots: (S1) 1.1247; (P) 1.1329; (R1) 1.1401; More… Intraday bias in GBP/USD remains neutral as sideway trading continues. On the upside, break of 1.1494 will resume the rise from 1.0351 to 61.8% projection of Read more…
Daily Pivots: (S1) 0.9915; (P) 0.9986; (R1) 1.0027; More… Intraday bias in USD/CHF stays neutral as it’s bounded in range of 0.9914/1.0072. Further rise is still mildly in favor. On the upside, break of 1.0072, Read more…
Canadian inflation data is in focus later today, and there are expectations for further signs of disinflation. Headline inflation cooled faster than expected in August, which is something I don’t get to write much on Read more…
Market movers today In the UK, September inflation figures are released. We expect headline to increase by 0.2p.p to 10.1% yoy which would be 0.2 p.p above Bank of England’s (BoE) latest inflation forecast. We Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Price has maintained its Read more…
Daily Pivots: (S1) 148.80; (P) 149.09; (R1) 149.52; More… There is no clear sign of topping in USD/JPY yet even though it continues to lose upside moment. Further rise is in favor to 61.8% projection Read more…