Markets It’s showtime. A weak July payrolls report and Fed Chair Powell’s speech in Jackson Hole set the stage for a re-start of the Fed’s normalization cycle tonight. Powell acknowledged that risks around the Fed’s Read more…
Daily Pivots: (S1) 1.3721; (P) 1.3752; (R1) 1.3770; More… Intraday bias in USD/CAD remains neutral for the moment. On the downside, firm break of 1.3725 support will complete a head and shoulder top (ls: 1.3878, Read more…
Daily Pivots: (S1) 0.6668; (P) 0.6678; (R1) 0.6696; More… AUD/USD is losing some momentum as seen in 4H MACD, but there is no clear sign of topping yet. Intraday bias stays mildly on the upside. Read more…
Daily Pivots: (S1) 1.1790; (P) 1.1834; (R1) 1.1911; More… EUR/USD’s break of 1.1829 confirms resumption of larger uptrend. Intraday bias stays on the upside for 1.1916 projection, and then 1.2 psychological level. On the downside, Read more…
Daily Pivots: (S1) 1.3604; (P) 1.3638; (R1) 1.3680; More… Intraday bias in GBP/USD remains on the upside at this point. Rise from 1.3140 is in progress and should target a retest on 1.3787 high. Decisive Read more…
Daily Pivots: (S1) 145.98; (P) 146.76; (R1) 147.24; More… Intraday bias in USD/JPY is back on the downside with breach of 146.29 support. Sustained trading below 146.29 will solidify the case that whole rebound from Read more…
The short-term Elliott Wave analysis for EURUSD indicates an ongoing impulsive cycle that began on August 27. From that low, the pair has been advancing in a nested impulse structure. Wave ((i)) concluded at 1.1736, Read more…
In focus today Today’s main event will be the FOMC meeting, where we expect a 25bp rate cut. The cut is fully priced in, and markets have even speculated about the slim chance for a Read more…
US equities broke one more record before the widely awaited Federal Reserve (Fed) decision, while the Stoxx 600 fell more than 1% as rate-sensitive sectors including banks and insurers led the index lower. The US Read more…
Inflation in the UK held steady in August, with CPI unchanged at 3.8% yoy, matching consensus. On the month, prices rose 0.3%. Core CPI, which strips out food, energy, alcohol, and tobacco, eased from 3.8% Read more…