US inflation came in slightly above expectations, but a jump in weekly jobless claims shifted the focus to the need for further policy easing, dampening speculation that the Fed may not cut rates in November. Consumer prices rose 0.2% m/m in September, the same as the previous month, while annual inflation slowed from 2.5% to […]
The post US Data: Stubborn Inflation vs Jobs Warning Bell appeared first on Action Forex.
Markets US September inflation printed hotter than expected and contained some important hawkish details such as rising food prices and accelerating supercore services inflation (to an annualized 3mMA of around 4%). Several Fed officials including Read more…
Daily Pivots: (S1) 1.3695; (P) 1.3735; (R1) 1.3782; More… Intraday bias in USD/CAD remains on the upside as rise from 1.3418 is in progress. Sustained trading above 61.8% retracement of 1.3946 to 1.3418 at 1.3559 Read more…
Daily Pivots: (S1) 0.6714; (P) 0.6728; (R1) 0.6755; More… Intraday bias in AUD/USD remains neutral for the moment. Further decline is expected as long as 0.6809 minor resistance holds. Below 0.6701 will resume the fall Read more…