Switzerland’s CPI declined by -0.1% mom in January, in line with market expectations. Core CPI, which excludes fresh and seasonal products, energy, and fuel, also dropped by -0.1% mom. While domestic product prices ticked up Read more…
Markets ‘Great progress’, ‘We’re close but not there on inflation’, ‘We don’t get excited about one or two good readings, and we don’t get excited about one or two bad readings.’ These are some semi-live Read more…
The UK economy outperformed expectations in December, with GDP expanding by 0.4% mom, significantly stronger than the 0.1% growth forecast. The services sector led the way, posting 0.4% monthly growth, while production output also rebounded, Read more…
Short term Elliott Wave in Copper shows 5 swing sequence from 11.14.2024 low, favoring more upside. Up from 11.14.2024 low, wave 1 ended at 4.335 and pullback in wave 2 ended at 4.005. The metal Read more…
Uh oh… Yesterday’s inflation update from the US didn’t go well. January data showed a hotter-than-expected report across monthly and annual readings and all categories including food, energy and housing. In numbers, the US headline Read more…
In focus today From the US, January PPI and weekly jobless claims are due for release. It will be interesting to see if the PPI-figures come in higher than expected like yesterday’s CPI. In the Read more…
Daily Pivots: (S1) 188.07; (P) 188.99; (R1) 190.74; More… GBP/JPY’s extended rebound suggests that fall from 198.94 has completed with three waves down to 194.73. Intraday bias is now on the upside for 194.73 resistance Read more…
Daily Pivots: (S1) 158.49; (P) 159.73; (R1) 161.56; More… EUR/JPY’s strong break of 159.74 support turned resistance suggests that fall from 164.89 has completed with three waves down to 155.72, ahead of 154.40 key support. Read more…
Daily Pivots: (S1) 0.8320; (P) 0.8338; (R1) 0.8363; More… Intraday bias in EUR/GBP stays neutral for the moment and near term outlook is mixed. On the upside, above 0.8376 minor resistance will bring stronger rally Read more…
Daily Pivots: (S1) 1.6455; (P) 1.6512; (R1) 1.6593; More… EUR/AUD’s strong rebound argues that price actions from 1.6800 could have completed as a three wave corrective pattern to 1.6391. Intraday bias is back on the Read more…