Daily Pivots: (S1) 0.8028; (P) 0.8051; (R1) 0.8081; More…. Intraday bias in USD/CHF remains neutral as it’s still bounded in range of 0.8020/8170. On the downside, break of 0.8020 will revive that case that the Read more…
Markets An interview with US Treasury Secretary Bessent got full coverage thanks to an otherwise empty economic agenda. He suggested that the Fed should cut rates by 50 bps in September given lack of evidence Read more…
Investors spent Wednesday betting that the Federal Reserve (Fed) would not only cut rates by 25bp in September but could even deliver a jumbo rate cut, after CPI data released the day before came in Read more…
In focus today In the euro area, we receive the second estimate of GDP growth for Q2 2025 and the first estimate of employment in Q2. The key focus of the release is the employment Read more…
UK GDP expanded 0.3% qoq in Q2, beating expectations of a 0.1% gain, though slowing sharply from Q1’s robust 0.7% pace. In output terms, growth was supported by a 0.4% qoq rise in services and Read more…
Daily Pivots: (S1) 146.92; (P) 147.55; (R1) 148.00; More… USD/JPY’s fall from 150.90 resumed by breaking 146.61 support, and head and should top pattern is in place (ls: 149.17, h: 150.90, rs: 148.15). Intraday bias Read more…
Market headlines are thin today, with Japan stealing the spotlight as the Nikkei saw a steep pullback following yesterday’s record-setting close. The drop appears driven by traders cashing in on an extended rally rather than Read more…
Key Highlights WTI Crude Oil prices started a fresh decline below the $65.00 zone. A connecting bearish trend line is forming with resistance at $65.00 on the 4-hour chart. Gold could attempt a fresh increase Read more…
Australia’s labor market showed renewed strength in July, with employment rising by 24.5k, just shy of expectations for a 25.3k gain and a marked improvement from June’s tepid 1k increase. The headline was boosted by Read more…
Atlanta Fed President Raphael Bostic signaled that the strength of the US labor market gives policymakers breathing room before deciding on rate moves. With unemployment near full employment, he said the Fed can avoid rushing Read more…