We saw some strong moves overnight following signs that inflation may have peaked, but a glance at the Cleveland Fed’s Nowcast places a fly in the ointment. Markets rejoiced at the latest inflation report from the US, as CPI fell below estimates for the first month in 11. The US dollar was broadly lower against […]
The post Whilst Inflation May Have Peaked, the ‘Nowcast’ Seems Less Certain appeared first on Action Forex.
Daily Pivots: (S1) 0.8616; (P) 0.8628; (R1) 0.8639; More… Intraday bias in EUR/GBP remains on the downside at this point. Firm break of 0.8611 will resume the whole decline from 0.8863, and target 100% projection Read more…
Daily Pivots: (S1) 1.6176; (P) 1.6228; (R1) 1.6319; More… A temporary low is in place at 1.6125 with current recovery, and intraday bias is turned neutral in EUR/AUD first. Still, outlook will remain bearish as Read more…
Daily Pivots: (S1) 0.9025; (P) 0.9039; (R1) 0.9064; More…. EUR/CHF is extending consolidations pattern from 0.8979 and intraday bias stays neutral. Near term outlook remains bearish with 0.9149 resistance intact. On the downside, below 0.8979 Read more…