RBA cuts cash rate 0.25ppts to 3.6%, with more cuts assumed to be needed to keep inflation at target. Worst-case outcomes on global trade have been avoided, but RBA is now more pessimistic about near-term Read more…
This live blog is being updated periodically. Check back throughout the day for market updates. Good morning. Futures are flat for the moment as investors await the July inflation report. It’s out at 8:30 a.m. Read more…
Daily Pivots: (S1) 198.41; (P) 198.74; (R1) 199.30; More… Intraday bias in GBP/JPY remains on the upside for the moment. Decisive break of 199.96 will resume whole rise from 184.35. Next target is 100% projection Read more…
Daily Pivots: (S1) 171.68; (P) 171.94; (R1) 172.34; More… Intraday bias in EUR/JPY remains neutral with focus on 172.36 resistance. Sustained trading above there will bring retest of 173.87 first. Firm break there will resume Read more…
Daily Pivots: (S1) 0.8636; (P) 0.8654; (R1) 0.8667; More… No change in EUR/GBP’s outlook as consolidations continue below 0.8752 short term top. Intraday bias stays neutral. Downside should be contained by 38.2% retracement of 0.8354 Read more…
Daily Pivots: (S1) 1.7801; (P) 1.7849; (R1) 1.7881; More… Intraday bias in EUR/AUD remains neutral for the moment as sideway trading continues. On the upside, firm break of 1.7972 resistance should confirm that corrective pattern Read more…
Daily Pivots: (S1) 0.9410; (P) 0.9424; (R1) 0.9452; More…. EUR/CHF’s rally resumed after brief retreat and intraday bias is back on the upside. Decisive break of 0.9445 resistance will resume the whole rebound from 0.9218. Read more…
Markets US July inflation numbers lead today’s agenda. Consensus expects headline CPI to rise by 0.2% M/M with annual figure ticking up from 2.7% to 2.8%. Core CPI is estimated to accelerate to 0.3% M/M Read more…
UK labor market data for July showed a slight deterioration in employment alongside a modest easing in pay growth. Payrolled employment fell by -8k, or -0.0% m/m, marking a -0.5% yoy drop compared to the Read more…
Trump extended the tariff truce with China, which was set to expire today, by 90 more days, announced that gold will finally not be tariffed, and confirmed that Nvidia and AMD will pay the US Read more…