GBPUSD stuck in a steep decline since mid-July, appearing unable to recover Records consecutive multi-month lows as the bulls remain on the sidelines Given that momentum indicators are pointing at oversold conditions, can the price Read more…
The Australian dollar softened this morning after the RBA opted to leave the Cash Rate at 4.1% but warned some further tightening may be required. The decision and statement – the first under new Governor Read more…
AUDUSD extends steep fall into second consecutive day and hit new lowest in eleven months in early Tuesday. The pair was down 0.8% in Asian / early European trading on Tuesday, in extension of Monday’s Read more…
Swiss CPI fell -0.1% mom in September, below expectation of 0.0% mom. Core CPI (excluding fresh and seasonal products, energy and fuel) was down -0.1% mom. Domestic products prices dropped -0.2% mom. Imported products prices Read more…
Governor Bullock has made absolutely minimal changes in her first Statement despite evidence of higher inflation in the September quarter. She is likely to make her mark in November when the staff refreshes their forecasts Read more…
Markets US Treasuries gapped open lower at the start of the trading week as US Congress narrowly avoided a government shutdown. From there on, Treasuries and other core bonds just resumed the sell-off which characterized Read more…
Relief that came with the news of a temporary avoidance of a potential government shutdown remained short lived. Sentiment in stocks markets turned rapidly sour, both in Europe and in the US, while the US Read more…
Market movers today ECB’s Lane speaks on “key factors of inflation and ECB’s response”. Public holiday in Germany. We will receive inflation data from Switzerland, but after last month’s surprise decision not to hike rates Read more…
Daily Pivots: (S1) 180.57; (P) 181.70; (R1) 182.26; More… Intraday bias in GBP/JPY stays neutral and deeper decline is expected as long as 183.34 resistance holds. On the downside, break of 180.78 will resume the Read more…
Daily Pivots: (S1) 156.53; (P) 157.50; (R1) 158.01; More…. Range trading continues in EUR/JPY and intraday bias remains neutral. Deeper decline will remain in favor as long as 158.64 resistance holds. On the downside, break Read more…