The upcoming August inflation data may send mixed signals. The 12-month headline inflation rate is expected to rise to 3.6%, causing concerns for the Biden administration. However, core inflation, which excludes food and energy prices, Read more…
UK GDP falls by 0.5% GBP/USD dips slightly lower The British pound has edged lower on Wednesday. In the European session, GBP/USD is trading at 1.2472, down 0.17%. The pound fell as low as 1.2441 Read more…
UK GDP falls by 0.5% GBP/USD dips slightly lower The British pound has edged lower on Wednesday. In the European session, GBP/USD is trading at 1.2472, down 0.17%. The pound fell as low as 1.2441 Read more…
EUR/USD started a recovery wave above the 1.0715 resistance. USD/CHF is struggling to clear the key 0.8940 resistance zone. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro gained pace after it broke the Read more…
Daily Pivots: (S1) 0.6409; (P) 0.6427; (R1) 0.6446; More… Range trading continues in AUD/USD and intraday bias remains neutral. While stronger recovery might be seen, outlook will stay bearish as long as 0.6520 resistance holds. Read more…
Daily Pivots: (S1) 1.0718; (P) 1.0743; (R1) 1.0781; More… EUR/USD is still extending the consolidation pattern from 1.0685 and intraday bias remains neutral. While stronger recovery might be seen, outlook will stay bearish as long Read more…
Daily Pivots: (S1) 1.0718; (P) 1.0743; (R1) 1.0781; More… EUR/USD is still extending the consolidation pattern from 1.0685 and intraday bias remains neutral. While stronger recovery might be seen, outlook will stay bearish as long Read more…
Today, all eyes are on US August CPI data, with anticipation of a flare-up in inflation, primarily fueled by escalating oil prices. While broader CPI is expected to witness a surge, core CPI, which excludes Read more…
Key Highlights AUD/USD managed to stay above the 0.6360 support. It is facing many hurdles near 0.6440 and 0.6480 on the 4-hour chart. EUR/USD is still at risk of more downsides below 1.0700. GBP/USD could Read more…