Daily Pivots: (S1) 0.9219; (P) 0.9247; (R1) 0.9276; More… Intraday bias in EUR/CHF stays on the downside for the moment. Current fall is resuming larger down trend and should target 61.8% projection of 0.9660 to Read more…
Daily Pivots: (S1) 201.20; (P) 201.72; (R1) 202.76; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, above 203.41 will suggest that pullback from 205.30 has completed, and bring retest of Read more…
Asian equities advanced today, led by the sharp rally in Japan where Nikkei hit record highs after political uncertainty finally cleared. The ruling Liberal Democratic Party struck a coalition agreement with the Japan Innovation Party, Read more…
BoJ board member Hajime Takata reinforced his hawkish stance today, arguing that Japan has roughly achieved the 2% inflation goal and now risks overshooting it. In a speech, Takata said steady gains in wages and Read more…
Key Highlights EUR/USD started a recovery wave above the 1.1620 resistance. It cleared a major bearish trend line with resistance at 1.1660 on the 4-hour chart. GBP/USD started a recovery wave above 1.3400 but faces Read more…
New Zealand Dollar found modest support after Q3 CPI data showed inflation rising back to the top of the RBNZ’s 1–3% target band. The 3.0% annual print, while firmer than Q2’s 2.7%, was largely in Read more…
China’s GDP expanded 4.8% yoy in the Q3, the slowest pace in a year but still slightly ahead of expectations for 4.7%. Even so, with cumulative growth of 5.2% over the first nine months, China Read more…
New Zealand’s inflation pulse picked up in the Q3, highlighting lingering price pressures that could restrain the RBNZ from cutting rates too aggressively. Headline CPI rose 1.0% qoq, above forecasts of 0.8% and sharply higher Read more…
After last Friday’s sharp sell-off sparked by renewed U.S.–China trade war fears, markets steadied this week as U.S. equities rebounded. President Trump helped calm investors by emphasizing that he wants to avoid further escalation with Read more…
Consumer prices rose 1.0% in the September quarter. That saw annual inflation rising to 3.0%, from 2.7% in the year to June. The result was in line with our forecast and close to the RBNZ’s Read more…