Another strong inflation report for the US prompted a sharp reversal across global markets overnight – in favour of the US dollar and yields, but to the detriment of commodities and indices. Market made sharp U-turns following the US inflation report, where CPI did not soften as much as expected. US CPI rose 8.3% y/y […]
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Daily Pivots: (S1) 211.83; (P) 212.16; (R1) 212.71; More… Intraday bias in GBP/JPY stays neutral first. Outlook is unchanged that rebound from 207.20 could have completed with three waves up to 213.28. Below 210.78 will Read more…
Daily Pivots: (S1) 183.02; (P) 183.30; (R1) 183.77; More… Intraday bias in EUR/JPY stays neutral for the moment. On the downside, below 181.85 will target 180.78 support. Decisive break there will indicate that fall from Read more…
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