Daily Pivots: (S1) 171.25; (P) 171.52; (R1) 171.92; More… EUR/JPY is still bounded in sideway trading and intraday bias remains neutral. On the downside, break of 170.94 support will bring deeper fall to 169.69, or Read more…
Daily Pivots: (S1) 0.8624; (P) 0.8637; (R1) 0.8658; More… Range trading continues in EUR/GBP and intraday bias stays neutral. On the downside, sustained trading below 38.2% retracement of 0.8354 to 0.8752 at 0.8600 will indicate Read more…
Markets Markets turn somewhat more complacent over US political developments. They take a wait-and-see approach with Fed governor Cook yesterday suing US President Trump calling his move to fire her a power grab with potentially Read more…
Daily Pivots: (S1) 1.7859; (P) 1.7879; (R1) 1.7906; More… EUR/AUD’s decline from 1.8155 short term top continues today and intraday bias stays on the downside. Decisive break of 38.2% retracement of 1.7245 to 1.8155 at Read more…
Aussie and Kiwi are the top performers in FX trading on today so far, supported by the continued surge in Chinese equities. With the local market on course for its biggest monthly rise in nearly Read more…
Investors on Thursday quickly shrugged off the initial disappointment from Nvidia’s quarterly report, which hinted at a slower growth rate for AI demand. The company still posted 56% year-over-year growth, though data center revenue came Read more…
In focus today In the US, today’s main data focus will be on the July PCE. Consensus expects headline to decline to 0.2% m/m and core PCE inflation to remain steady at 0.3% m/m. In Read more…
Japan’s Tokyo CPI slowed in August as government fuel subsidies pushed down utility bills, but stubborn food inflation kept underlying price pressures elevated. Core CPI excluding fresh food eased to 2.5% yoy from 2.9% yoy, Read more…
Fed Governor Christopher Waller said he would support a 25bps cut at the September 16–17 FOMC meeting, warning that waiting for further labor market deterioration would risk the Fed “falling behind the curve.” He said Read more…
President Trump’s attempt to sack Fed Governor Cook is part of a broader pattern, not only for his administration but an increasingly partisan US. Other high-income countries are not going the same way. US President Read more…