Daily Pivots: (S1) 0.6242; (P) 0.6271; (R1) 0.6305; More… AUD/USD is losing some downside momentum as seen in 4 hour MACD. But further decline is expected with 0.6362 resistance holds. Current decline should target 100% Read more…
Market movers today It’s finally time for US CPI for September – the main data release of the week. We expect the headline to print relatively low at 0.2% m/m in line with consensus, as 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. Overnight, the price has Read more…
Daily Pivots: (S1) 1.3775; (P) 1.3803; (R1) 1.3845; More… USD/CAD is losing some upside momentum as seen in 4 hour MACD. But further rise is still expected with 1.3701 minor support intact. Current up trend Read more…
The markets are generally steady in Asian session today, as traders await US consumer inflation data. FOMC minutes released overnight basically provided nothing to counter the expectation of a 75bps hike by Fed in November. Read more…
Fed Governor Michelle Bowman said a speech, “if we do not see signs that inflation is moving down, my view continues to be that sizable increases in the target range for the federal funds rate Read more…
In the minutes of September 20-21 FOMC meeting, it’s noted that with “broad-based and unacceptably high level of inflation” and the “upside risks”, participants remarked that “purposefully moving to a restrictive policy stance in the Read more…
Key Highlights Gold price started a fresh decline from the $1,729 resistance zone. It traded below a key bullish trend line at $1,692 on the 4-hours chart. USD/JPY rallied to a new multi-year high and Read more…
S&P 500 (SPX) shows a 5 swing bearish sequence from 1.4.2022 high calling for further downside towards the extreme area of 2425 – 3150. Short term, the decline from 8.16.2022 high remains in progress as Read more…
Recall that during the September 21st FOMC meeting, the Committee chose to hike the Fed Funds rate by 75bps for the third consecutive meeting to bring the key rate to 3%-3.25%. The Minutes from that Read more…