Markets Yesterday’s beat by the July PCE (3.7% headline, 3.3% core) was miniscule in size but was nevertheless responsible for the biggest move on a daily basis. Defying expectations for a minor deceleration to 3.6% in the headline (contrasting with the earlier-published CPIs), coming within a broader batch of solid economic data and being the […]
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No change in EUR/USD’s outlook. Consolidations continue below 1.1710 and intraday bias remains neutral. While deeper retreat cannot be ruled out, downside should be contained by 1.1565 support to bring another rally. On the upside, Read more…
Intraday bias in USD/JPY remains neutral and outlook is unchanged. In case of further rally, strong resistance could emerge from 159.59 to 160.62 zone (50% and 61.8% retracement of 163.97 to 155.22) to limit upside. Read more…
Intraday bias in GBP/USD remains neutral for the moment. More consolidations would be seen below 1.3675 but further rise is expected as long as 1.3518 support holds. Above 1.3675 will extend the rally from 1.3139 Read more…