Daily Pivots: (S1) 1.2471; (P) 1.2589; (R1) 1.2659; More… Intraday bias in GBP/USD remains on the downside at this point. Decisive break of 1.2517 support will carry larger bearish implication. Next near term target will Read more…
Daily Pivots: (S1) 1.0692; (P) 1.0779; (R1) 1.0830; More… Intraday bias in EUR/USD remains on the downside for 1.0694/0723 support zone. Decisive break there will resume whole fall from 1.1138. Next target is 100% projection Read more…
Dollar remains firm in Asian session after the strong post-CPI rally. US stocks were deeply sold off as a June Fed rate cut is further priced out by the markets. Market attention is now keenly Read more…
Wednesday’s Consumer Price Index report showed that inflation, at least at the consumer level, is more stubborn than many investors and economists had hoped. The result was a nasty sell-off in stocks amid a realization Read more…
Talking Points European Central Bank – ECB US Consumer Price Index – US CPI EUR/USD Technical Analysis – Weekly Chart EUR/USD has been grappling with significant pressure over the past few weeks, caught between the Read more…
Cycle from 10.23.20223 low in DAX is in progress as an impulse Ellliott Wave structure. Up from there, wave 1 ended at 17003.28 and wave 2 pullback ended at 16345.02. The Index rallied higher again Read more…
China’s CPI slowed significantly from 0.7% yoy to 0.1% yoy in March, coming in below expectation of 0.4% yoy. Core CPI, which strips out food and energy prices, also decelerated from 1.2% yoy to 0.6% Read more…
Key Highlights GBP/USD failed to surpass 1.2700 and declined heavily. It traded below a key bullish trend line with support at 1.2630 on the 4-hour chart. The US CPI increased by 3.5% in March 2024 Read more…
Japanese Yen’s steep decline through 152 mark against Dollar overnight has put attention on potential currency intervention. However, responses from key officials today suggest a more measured approach is being considered at this point. In Read more…
Bets on a Fed rate cut in June receded sharply following yesterday’s stronger than expected US CPI report. The drastic shift in sentiment led to steep decline in DOW and strong rally in Dollar index. Read more…