Daily Pivots: (S1) 1.2870; (P) 1.2933; (R1) 1.2981; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen above 1.2833 temporary low Further decline is expected 1.3047 resistance holds. Break of 1.382 Read more…
Daily Pivots: (S1) 0.8716; (P) 0.8742; (R1) 0.8784; More… USD/CHF is still bounded in range below 0.8773 and intraday bias stays neutral. Some more consolidations could be seen. But further rally is expected as long Read more…
Daily Pivots: (S1) 152.07; (P) 152.72; (R1) 153.30; More… USD/JPY recovers notably today but stays below 154.70 temporary top. Intraday bias remains neutral at this point. Further rise is expected as long as 151.27 support Read more…
Yen started the week under notable pressure, facing challenges from both political uncertainty in Japan and a cautious BoJ. A highly anticipated parliamentary vote will decide whether Prime Minister Shigeru Ishiba remains in office. Ishiba’s Read more…
Near term inflation expectations have dropped back, but longer-term expectations are up. Inflation expectations One year ahead: 2.05% (Prev: 2.40%, down 35 points) Two years ahead: 2.12% (Prev: 2.03%, up 9 points) Five years ahead: Read more…
Key Highlights EUR/USD started a fresh decline from the 1.0945 resistance. It traded below a rising channel with support at 1.0880 on the 4-hour chart. Gold started a downside correction below the $2,700 level. Bitcoin Read more…
BoJ’s Summary of Opinions from its October 30-31 reiterated its “basic thinking” that it will adjust the degree of monetary accommodation if the outlook for economic activity and prices unfolds as expected. Emphasizing the importance Read more…
RBNZ’s latest Survey reveals that expectations for one-year-ahead annual inflation dropped significantly by -35 basis points from 2.40% to 2.05%, extending a steady downward trend in inflation expectations since Q2 2023. On the other hand, Read more…
In October, China’s CPI grew only 0.3% yoy, below the expected 0.4% yoy, and marking a slight drop from September’s 0.4% yoy. Core CPI, which excludes food and energy prices, rose marginally from 0.1% yoy Read more…
Minneapolis Fed President Neel Kashkari conveyed cautious optimism about the US. inflation outlook during his appearance on CBS’s “Face the Nation” on Sunday. Acknowledging that “a lot of progress ” was made in reducing inflation, Read more…