Freshly out of the oven this morning, the British inflation unexpectedly eased from 6.8% to 6.7% in August, core inflation fell from 6.9% to 6.2%. The surprise fall in UK inflation triggered a kneejerk selloff Read more…
Market movers today Today’s main event will be the FOMC meeting where we expect no changes in policy rate, in line with consensus. The focus will instead be on the updated dot plot, i.e. how Read more…
Recent 4 weeks of bullish movement in WTI crude oil has flashed out bullish exhaustion conditions. At the risk of shaping a bearish counter-trend/mean reversion movement within a major uptrend phase. Key resistance will be Read more…
DXY: The DXY (US Dollar Index) chart currently reflects a bearish overall momentum, driven by several factors contributing to its downward trajectory. A significant factor in this bearish sentiment is the recent break below an Read more…
As anticipation builds around Fed impending monetary policy decision today, US 5- and 10-year Treasury yields surged to levels not seen in 16 years. With market expectations firming around a hold in the range of Read more…
Westpac Leading Index for Australia indicates that the nation’s growth outlook remains subdued. The index inched up marginally from -0.56% to -0.50% in August, marking a year since it began registering negative readings. These figures Read more…
Japan’s economic data shows a dwindling momentum in the country’s export sector, registering a decline of -0.8% yoy to JPY 7994B in August, with a particularly notable decrease in its trading activities with China. The Read more…
BoC Deputy Governor Sharon Kozicki acknowledged in a speech that CPI inflation has seen “ups and downs of the size we’ve seen in the past couple of months,” highlighting a decrease from a high of Read more…
Key Highlights Gold price is moving higher from the $1,900 support. It could gain pace if it clears the $1,940 resistance on the 4-hour chart. Crude oil prices rallied further and even spiked above $92.50 Read more…
Short Term Elliott Wave View in Silver (XAGUSD) suggests decline from 7.20.2023 high is in progress as a 5 waves diagonal. Down from 7.20.2023 high, wave 1 ended at 22.608 and rally in wave 2 Read more…