Dollar falls as Fed rate hike odds soften to 10% for September and 20.2% in November US Annual CPI rose from 3.0% in June to 3.2% in July, snapping a streak of 12 consecutive declines Read more…
Dollar falls as Fed rate hike odds soften to 10% for September and 20.2% in November US Annual CPI rose from 3.0% in June to 3.2% in July, snapping a streak of 12 consecutive declines Read more…
US CPI and core CPI rose 0.2% mom in July, matched expectations. Food prices rose 0.2% mom,Energy prices rose 0.1% mom. The index for shelter was by far the largest contributor to the monthly all Read more…
Yen Weakening Drivers: → rising prices for energy resources. After all, Japan is a major importer. → The inflation index CGPI (corporate goods price index) indicates a slowdown in inflation. Therefore, this raises the likelihood Read more…
Yen Weakening Drivers: → rising prices for energy resources. After all, Japan is a major importer. → The inflation index CGPI (corporate goods price index) indicates a slowdown in inflation. Therefore, this raises the likelihood Read more…
WTI oil futures snapped the 83.40 resistance on Wednesday, exiting marginally the long-term range area to reach a new high of 84.71 today. The RSI and Stochastic oscillator are in the overbought zone, indicating the short-term bullish Read more…
WTI oil futures snapped the 83.40 resistance on Wednesday, exiting marginally the long-term range area to reach a new high of 84.71 today. The RSI and Stochastic oscillator are in the overbought zone, indicating the short-term bullish Read more…
The short-term Elliott wave view in S&P 500 (SPX) suggests that the rally from the 3.13.2023 low unfolded as a 5 waves impulse structure. Up from 3.15.2023 low, wave ((i)) ended at $4186.92. Dip in Read more…
Daily Pivots: (S1) 1.6730; (P) 1.6784; (R1) 1.6863; More… Intraday bias in EUR/AUD stays neutral at this point. Further rally is expected as long as 1.6635 support holds. Above 0.6858 will resume larger up trend Read more…
DXY: The DXY chart is presently characterized by a neutral overall momentum, implying a lack of discernible directional bias. In light of this neutral stance, it is conceivable that the price may exhibit fluctuations within Read more…