DXY: The DXY (US Dollar Index) could potentially make a Bearish continuation towards the 1st support. The 1st support at 102.30 is identified as a pullback support. This suggests that it’s a significant level where Read more…
Daily Pivots: (S1) 146.92; (P) 147.87; (R1) 148.43; More… USD/JPY’s decline continues today and break of 147.14 support confirms resumption of whole fall from 151.89. Intraday bias stays on the downside at this point. Sustained Read more…
Dollar’s decline finally takes off again overnight, following dovish comments from some Fed officials. In particular, Fed Governor Christopher Waller, typically known for his hawkish views, softened his stance and expressed a level of satisfaction Read more…
BoJ board member Seiji Adachi acknowledged that while there are early indications of a positive wage-inflation cycle emerging, these are not yet sufficient to consider exiting ultra-loose monetary policy. He emphasized the importance of continuing Read more…
Government policies are holding down inflation but electricity prices are starting to rise as rebates come to an end. The Monthly CPI Indicator rose 4.9% in the year to October, down from 5.6%yr in September Read more…
Chicago Fed President Austan Goolsbee, in an interview with Marketplace overnight, expressed concerns about the risks of maintaining high interest rates for an extended period. Goolsbee emphasized the importance of adjusting the level of restrictiveness Read more…
Fed Governor Michelle Bowman, in a speech overnight, noted that her baseline economic outlook anticipates the “need to increase the federal funds rate further”, to bring inflation down to 2% target in a “timely way”. Read more…
Fed Governor Christopher Waller, in his speech at the American Enterprise Institute think tank overnight, stated that inflation rates “moving along pretty much like” he expected and expressed increasing confidence in Fed’s policy’s effectiveness in Read more…
Australia monthly CPI slowed from 5.6% you to 4.9% yoy in October, below expectation of 5.20%. Excluding volatile items and holiday travel, CPI slowed from 5.5% yoy to 5.1% yoy. Annual trimmed mean CPI also Read more…
Key Highlights GBP/USD is aiming for more gains above 1.2750. A key bullish trend line is forming with support at 1.2600 on the 4-hour chart. Gold prices are accelerating higher above the $2,025 resistance. The Read more…