Inflation that moves temporarily higher is considered transitory. Canva What Is Transitory Inflation? Inflation that moves above a steady rate for a short period and then reverts toward that steady rate is considered transitory. Also, Read more…
It’s a week of drama. In the UK, Liz Truss became the shortest-serving Prime Minister as political chaos continued, and the race for the next PM started immediately. In the US, stocks surged on Friday Read more…
EUR/USD stayed in range trading last week and outlook is unchanged. Initial bias stays neutral this week first. On the downside, break of 0.9630 bring retest of 0.9534 first. Firm break there will resume larger Read more…
USD/JPY’s up trend extended to as high as 151.93 last week but retreated sharply, on Japan’s intervention. Considering bearish divergence condition in 4 hour MACD, a short term top should be formed. Initial bias is Read more…
GBP/USD stayed in consolidation below 1.1494 last week and outlook is unchanged. Initial bias remains neutral this week first, but further rally is in favor as long as 1.0922 minor support holds. On the upside, Read more…
USD/CHF rose further to 1.0146 last week but retreated since then. Initial bias is neutral this week for some consolidations first. Downside should be contained above 0.9779 support. Break of 1.0146 will resume larger up Read more…
AUD/USD’s rebound from 0.6169 extended higher last week and break of 0.6362 support turned resistance confirm short term bottoming. That came just ahead of 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. Initial Read more…
USD/CAD stayed in consolidation below 1.3976 last week and outlook is unchanged. Initial bias remains neutral this week first. Downside of retreat should be contained by 1.3501 support to bring another rally. On the upside, Read more…
GBP/JPY rose to as high as 170.07 last week, and met 61.8% projection of 148.93 to 165.69 from 159.71 at 170.06. But subsequent retreat indicates it has already turned into consolidation. initial bias is neutral Read more…
EUR/JPY’s up trend resumed last week and hit as high as 148.38. But subsequent retreats indicates that it’s turned into another consolidation phase. Initial bias is turned neutral this week first. Downside should be contained Read more…