UK’s GDP data for August reveals a mixed bag of results, characterized by modest growth and a sector-specific performance variance. The economy grew by 0.2% mom, aligning with market expectations Dissecting the numbers, the services Read more…
On a daily chart there’s a chance that USDCHF completed the wedge pattern within wave C this summer, after a recent turn up and broken trendline resistance, so new bullish trend can be in play. Read more…
Flight to safety continued on Wednesday, as Middle East tensions rose by another notch after Iran-backed Hezbollah said it fired missiles to an Israeli military post near the Lebanese border. US Treasuries, gold and Swiss Read more…
Market movers today US CPI will be the main focus today. We forecast both headline and core CPI below consensus expectations at +0.2% in m/m SA terms (consensus 0.3%). The energy price contribution remains positive Read more…
Daily Pivots: (S1) 1.2276; (P) 1.2307; (R1) 1.2344; More Intraday bias in GBP/US remains on the upside as rebound from 1.2306 short term bottom is in progress. Firm break of near term channel resistance (now Read more…
Daily Pivots: (S1) 148.63; (P) 148.97; (R1) 149.52; More… Intraday bias in USD/JPY remains neutral at this point. Consolidation from 150.15 is still in progress. On the downside, below 148.24 minor support will turn bias Read more…
Daily Pivots: (S1) 0.8996; (P) 0.9026; (R1) 0.9049; More…. USD/CHF’s fall from 0.9243 is in progress and intraday bias stays on the downside. Strong support could be see around 38.2% retracement of 0.8551 to 0.9243 Read more…
Dollar continues its slide, maintaining its position as the week’s worst performer and further descending following the release of FOMC minutes. The document indicated a majority of the Committee members anticipate an additional rate hike Read more…
DXY: The DXY (US Dollar Index) chart currently exhibits bullish momentum, suggesting the potential scenario of a bullish bounce off the 1st support level with a subsequent move towards the 1st resistance. The 1st support Read more…
Key Highlights Crude oil prices opened with a gap higher after the Israel-Hamas war escalated. It is struggling to clear the $87.00 resistance on the 4-hour chart. Gold prices climbed further higher toward the $1,880 Read more…