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…
Daily Pivots: (S1) 1.3725; (P) 1.3737; (R1) 1.3754; More… USD/CAD’s fall from 1.3946 resumed after brief consolidations and intraday bias is back on the downside sustained trading below 55 D EMA (now at 1.3726) will Read more…
Daily Pivots: (S1) 0.6596; (P) 0.6617; (R1) 0.6655; More… AUD/USD’s rally from 0.6438 is still in progress and intraday bias stays on the upside. With break of 55 D EMA (now at 0.6612), next target Read more…
Daily Pivots: (S1) 146.31; (P) 147.13; (R1) 147.66; More… Intraday bias in USD/JPY remains neutral for the moment. Outlook stays bearish with 38.2% retracement of 161.94 to 141.67 at 149.41 intact and intraday bias stays Read more…
Daily Pivots: (S1) 0.8630; (P) 0.8655; (R1) 0.8673; More…. Intraday bias in USD/CHF stays neutral and outlook remains bearish with 38.2% retracement of 0.9223 to 0.8431 at 0.8734 intact. On the downside, below 0.8631 minor Read more…
Daily Pivots: (S1) 1.0938; (P) 1.0969; (R1) 1.1024; More….. EUR/USD’s break of 1.0944 minor resistance suggests that pull back from 1.1007 has completed at 1.0880 already. Intraday bias is back on the upside for 1.1007. Read more…
The RBNZ cut the OCR to 5.25% at its August policy meeting by unanimous decision. We think the RBNZ only seriously considered the option of cutting the OCR by 25bps at this point. The Governor Read more…
Daily Pivots: (S1) 1.2792; (P) 1.2833; (R1) 1.2903; More… GBP/USD’s extended rebound and break of 1.2839 resistance argues that pull back from 1.3043 has completed at 1.2664 already. Intraday bias is back on the upside Read more…