Trading activity was notably subdued in the final Asian session of the week and August, but with a busy economic calendar ahead, volatility could pick up soon. Euro remains the weakest performer of the week, Read more…
September is often seen as a cautious or “risk-off” month for traders, influenced by factors like economic uncertainty, updates from China, and concerns about the rate cuts in the US. This generally means that traders Read more…
Key insights from the week that was. In Australia, the latest Monthly CPI Indicator reported an easing in both headline and underlying (trimmed mean) inflation, from 3.8%yr and 4.1%yr in June to 3.5%yr and 3.8%yr Read more…
Key Highlights USD/JPY found support near 143.50 and corrected some losses. It cleared a key bearish trend line with resistance at 144.85 on the 4-hour chart. EUR/USD started a downside correction below the 1.1150 level. Read more…
Australia’s retail sales turnover for July showed no growth on a monthly basis, falling short of the expected 0.2% mom increase. This flat result comes after consecutive 0.5% mom increases in both June and May, Read more…
Japan’s Tokyo CPI data for August shows further acceleration in inflation, with core inflation (excluding food) rising to 2.4% yoy, above the expected 2.2%. CPI core has been climbing steadily every month since hitting a Read more…
Bundesbank President Joachim Nagel delivered a strong message overnight, cautioning that a timely return to price stability cannot be taken for granted.” He emphasized that ECB must tread carefully and “must not lower policy rates too Read more…
SNB Chairman Thomas Jordan, who is set to step down at the end of September, highlighted the challenges facing Swiss industry due to the recent strength of the Swiss Franc and weak demand in Europe. Read more…
Dow Jones index broke resistance level 41280.00 Likely to rise to resistance level 42000.00 Dow Jones index continues to rise after the earlier breakup of the pivotal resistance level 41280.00 (which stopped the previous waves Read more…
EURUSD reversed from long-term resistance level 1.1150 Likely to fall to support level 1.1000 EURUSD currency pair recently reversed down from the major long-term resistance level 1.1150 (which has been reversing the price from the Read more…