Eurozone CPI slowed from 2.6% yoy to 2.2% in August. CPI core (ex-energy, food, alcohol & tobacco) ticked down from 2.9% yoy to 2.8% yoy. Both matched expectations. Looking at the main components , services Read more…
Market Picture The cryptocurrency market failed to move significantly from the previous day’s levels, losing 0.5% to $2.07 trillion. Crypto followed the stock market but was noticeably weaker. Smooth growth during the day was wiped Read more…
In a speech today, ECB Executive Board member Isabel Schnabel addressed the recent declines in inflation across parts of the Eurozone, describing them as “welcome developments.” However, she cautioned that the “current level of headline Read more…
Swiss KOF Economic Barometer edged up to 101.6 in August, slightly above expectations of 100.6, signaling a modest improvement in economic activity. The indicator remains just above its medium-term average, suggesting that Swiss economy is Read more…
USDCAD changes the outlook to bearish after the fall below 1.3600 Stochastic ticks up but RSI still holds near 30 zone USDCAD is recouping some losses after the strong selling interest that started from the Read more…
Daily Pivots: (S1) 1.1043; (P) 1.1091; (R1) 1.1127; More…. While EUR/USD’s retreat from 1.1200 extended lower, downside is contained above 1.1007 resistance turned support. Intraday bias remains neutral and larger rally is still expected to Read more…
Daily Pivots: (S1) 1.3133; (P) 1.3180; (R1) 1.3215; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.3265 is still expected. Downside of retreat should be contained well above 1.3043 resistance turned support to Read more…
Daily Pivots: (S1) 144.28; (P) 144.92; (R1) 145.61; More… Intraday bias in USD/JPY stays neutral but further fall is in favor with 146.47 minor resistance intact. Break of 143.43 will bring retest of 141.67 low. Read more…
Daily Pivots: (S1) 0.8418; (P) 0.8456; (R1) 0.8512; More….. Intraday bias in USD/CHF remains neutral as consolidation continues above 0.8399. Outlook will remain bearish as long as 0.8747 resistance holds. Break of 0.8339 will resume Read more…
Daily Pivots: (S1) 0.6776; (P) 0.6800; (R1) 0.6822; More… AUD//USD continues to lose upside moment as seen in 4H MACD, but there is no clear sign of topping yet. Further rally is expected as long Read more…