The Aussie jumped to a new high versus the US dollar during the session after the Australian CPI came in at 3.5%, down from 3.8%. However, this was worse than expected, as expectations were at Read more…
AUDUSD hit new 8-month high in Asian session on Wednesday, lifted by higher than expected Australian July CPI, but was so far unable to hold gains above 0.6800 mark. Although subsequent dip was shallow, it Read more…
USDJPY retains bearish bias MACD and RSI try to gain some momentum 23.6% Fibonacci acts as strong resistance USDJPY is continuing its descending movement, especially after the failed attempt to jump above the uptrend line and the 38.2% Fibonacci Read more…
Markets Core interest rate markets yesterday tried to further build on a tentative pause/bottoming out process that started on Monday. With 100 bps Fed cuts discounted for this year and another 125 bps of reduction Read more…
In focus today In Sweden, today’s foreign trade data for July will give some preliminary insight into Q3 activity. Riksbank vice governor Anna Breman gives a speech on climate and monetary policy at 13:00 CET. Read more…
The markets were calm yesterday, the European stocks extended gains, while the S&P500 and Nasdaq consolidated a bit lower than their ATH levels. A $69bn sale of US 2-year debt went well, the US 2-year Read more…
Daily Pivots: (S1) 0.9389; (P) 0.9431; (R1) 0.9456; More…. Intraday bias in EUR/CHF remains on the downside for the moment. Corrective rebound from 0.9209 should have completed at 0.9579 after rejection by 55 D EMA. Read more…
Daily Pivots: (S1) 0.8421; (P) 0.8444; (R1) 0.8457; More…. EUR/GBP’s fall from 0.8624 is still in progress, and intraday bias stays on the downside for retesting 0.8382 low. Strong support could be seen from there Read more…
Daily Pivots: (S1) 1.6440; (P) 1.6473; (R1) 1.6499; More… Intraday bias in EUR/AUD is back on the downside as fall from 1.7180 resumes today. Sustained trading below 55 D EMA (now at 1.6435) will argue Read more…
Daily Pivots: (S1) 160.53; (P) 161.35; (R1) 161.83; More…. Intraday bias in EUR/JPY remains neutral as consolidations continue below 163.86. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at Read more…