Yesterday was about digesting Tuesday’s softer-than-expected US CPI data, feeling relieved that the US Senate passed a stopgap spending bill to avert a government shutdown and welcoming a softer-than-expected producer price inflation, and a softer-than-expected Read more…
Market movers today Today’s US data is not the kind that usually moves markets a lot: industrial production, NAHB housing market index and Philly Fed index for November. On the latter, we saw a quite Read more…
Daily Pivots: (S1) 0.6481; (P) 0.6512; (R1) 0.6540; More… Despite spiking higher to 0.6541, subsequent retreat in AUD/USD suggests that a temporary top was formed. Intraday bias is turned neutral for some consolidations first. Downside Read more…
Australian Dollar weakens broadly in Asian session, as Australian employment data and shifting global risk sentiment take center stage. The mixed nature of the latest Australian jobs report is causing a rethink among investors regarding Read more…
CHFJPY continues to make a sequence of higher high suggesting the pair is in a bullish market. Recent impulsive move higher looks incomplete and pair should continue to extend higher. Sequence from 10.3.2023 low is Read more…
DXY: The DXY (US Dollar Index) chart currently displays a bearish overall momentum, suggesting the potential for a bearish reaction off the 1st resistance level, followed by a drop towards the 1st support. The 1st Read more…
Key Highlights Crude oil prices declined heavily toward $7520 before the bulls appeared. A key bearish trend line is forming with resistance near $78.80 on the 4-hour chart. Gold prices started a fresh increase from Read more…
In October, Japan experienced a mixed bag in its trade sector. Exports saw a modest rise of 1.6% yoy to JPY 9167B, marking the second consecutive month of growth, albeit at a slower pace compared Read more…
Australia’s labor market displayed stronger-than-anticipated performance in October, with employment figures surpassing expectations. The economy added 55k jobs, well above forecasted growth of 22.8k. This increase was driven by both full-time and part-time employment, which Read more…
