Consumer price inflation ticked up to 3.3% on a year-on-year (y/y) basis in July, up from 2.8% in June, largely thanks to base-year effects on gasoline prices. Even so, gasoline prices are 12.6% below year Read more…
Daily Pivots: (S1) 1.2631; (P) 1.2673; (R1) 1.2729; More… GBP/USD recovers notably today but stays below 1.2817 resistance. Intraday bias remains neutral at this point. On the downside, firm break of 1.2618, and sustained trading Read more…
Canadian inflation, measured by CPI, accelerated in July, posting a 0.6% mom increase, doubling expected rise of 0.3% mom. This upward tick, a substantial leap from June’s 0.1% gain, was significantly influenced by higher travel Read more…
The DXY has gained more than 3.8% over the past month, fully retracing its losses from five trading sessions in early July after the NFP. This retracement carries extra weight; a sharp upward or downward Read more…
August’s ZEW Economic Sentiment Index for Germany showed an unexpected improvement, moving from -14.7 to -12.3, beating forecasted -15. However, the Current Situation index took a hit, declining sharply from -59.5 to -71.3—its lowest since Read more…
Daily Pivots: (S1) 183.84; (P) 184.29; (R1) 185.12; More… GBP/JPY’s rally continues today and intraday bias stays on the upside. Current up trend should extend to 61.8% projection of 158.24 to 183.99 from 176.29 at Read more…
Daily Pivots: (S1) 183.84; (P) 184.29; (R1) 185.12; More… GBP/JPY’s rally continues today and intraday bias stays on the upside. Current up trend should extend to 61.8% projection of 158.24 to 183.99 from 176.29 at Read more…
Daily Pivots: (S1) 144.94; (P) 145.26; (R1) 145.86; More… USD/JPY’s rally is in progress and intraday bias stays on the upside. Current rise form 127.20 is in progress for 61.8% projection of 129.62 to 145.06 Read more…
Daily Pivots: (S1) 144.94; (P) 145.26; (R1) 145.86; More… USD/JPY’s rally is in progress and intraday bias stays on the upside. Current rise form 127.20 is in progress for 61.8% projection of 129.62 to 145.06 Read more…
Daily Pivots: (S1) 0.6460; (P) 0.6482; (R1) 0.6509; More… AUD/USD recovered quickly after breaching 0.6457 support briefly. Intraday bias is turned neutral first with 4H MACD crossed above signal line. on the downside, decisive break Read more…