Month: August 2024

Markets July US CPI inflation figures printed very close to consensus. Monthly inflation accelerated both on a headline and on a core level to 0.2% M/M. Details showed food prices rising by 0.2% M/M, energy Read more…

Gold moves sideways; faces resistance near 2,473 Technical signals are positive for a continuation to 2,500 ahead of CPI data Gold repeated its July bounce off the 200-period simple moving average (SMA) on the four-hour Read more…

The Consumer Price Index (CPI) rose 0.2% month-on-month (m/m) in July, bang-on the consensus forecast. On a twelve-month basis, CPI fell to 2.9% (from 3.0% in June). After exerting a measurable drag in each of Read more…

The British pound is showing limited movement on Wednesday. GBP/USD is trading at 1.2844 in the European session, down 0.15% on the day. UK inflation report supports case for September rate cut Headline inflation in Read more…

AUD/USD is consolidating gains near the 0.6620 zone. NZD/USD is trimming gains and struggling to stay above the 0.6000 pivot zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a downside Read more…

Daily Pivots: (S1) 146.31; (P) 147.13; (R1) 147.66; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Outlook stays bearish with 38.2% retracement of 161.94 to 141.67 at 149.41 intact and intraday bias Read more…

Daily Pivots: (S1) 0.8630; (P) 0.8655; (R1) 0.8673; More…. Breach of 0.8631 minor support argues that USD/CHF’s rebound from 0.8431 might have completed at 0.8701 already. Intraday bias is mildly on the downside for retesting Read more…

Daily Pivots: (S1) 1.2792; (P) 1.2833; (R1) 1.2903; More… Intraday bias in GBP/USD remains on the upside at this point. Pull back from 1.3043 could have completed at 1.2664 already. Further rise should be seen Read more…