NZDUSD had been in a recovery mode since early August But 200-day SMA rejects advance after dovish RBNZ meeting Oscillators deteriorate, yet remain neutral-to-positive NZDUSD had been steadily regaining ground since the beginning of the month after Read more…
USDJPY continues to hover around the 146 area Market participants are preparing for the US CPI release Momentum indicators remain mixed USDJPY continues to trade sideways, hovering around the 146.65-147.71 area for the fifth consecutive Read more…
Daily Pivots: (S1) 187.81; (P) 188.67; (R1) 189.74; More… Intraday bias in GBP/JPY remains neutral for the moment. Outlook remains bearish with 38.2% retracement of 208.09 to 180.00 at 190.73 intact. On the downside, below Read more…
Daily Pivots: (S1) 160.79; (P) 161.29; (R1) 161.94; More… Intraday bias in EUR/JPY stays neutral at this point. Outlook stays bearish with 38.2% retracement of 175.41 to 154.40 at 162.42 intact. On the downside, below Read more…
Daily Pivots: (S1) 0.8529; (P) 0.8548; (R1) 0.8564; More…. EUR/GBP’s break of 0.8567 suggests that corrective pullback from 0.8624 has completed at 0.8530, after hitting 38.2% retracement of 0.8382 to 0.8624 at 0.8532. Intraday bias Read more…
Daily Pivots: (S1) 1.6531; (P) 1.6572; (R1) 1.6613; More… Intraday bias in EUR/AUD remains neutral and outlook stays bullish with 1.6474 support intact. On the upside, above 1.6798 minor resistance will bring retest of 1.7180 Read more…
Daily Pivots: (S1) 0.9470; (P) 0.9492; (R1) 0.9529; More…. Intraday bias in EUR/CHF remains on the upside as rebound from 0.9209 short term bottom is in progress. Further rise should be seen to 55 D Read more…
Markets Markets rallied in the wake of yesterday’s benign July producer price inflation (0.1% M/M for headline and 0% for core). Stock markets extended their comeback after last Monday’s melt down with key US gauges Read more…
In focus today Today we get CPI numbers out of the US, UK, and Sweden. In the US, we expect both headline and core CPI to come in at 0.2% m/m seasonally adjusted. The release Read more…
UK CPI rose from 2.0% yoy to 2.2% yoy in July, below expectation of 2.3% yoy. Core CPI (excluding energy, food, alcohol and tobacco) slowed from 3.5% yoy to 3.3% yoy, below expectation of 3.4% Read more…