WTI crude struggles as US output hits its highest level since April 2020. The price has been falling along the 20-day moving average, putting it at the risk of a bearish reversal. Short-term price action Read more…
The Australian dollar surged as the US counterpart’s weakness drove traders into riskier assets. After a brief pullback the pair bounced off the demand zone around 0.6870 right over the bullish MA cross on the Read more…
The US dollar tumbled after a slowdown in core inflation in July. A bullish MA cross on the daily chart suggests an improvement in sentiment but the pound needs to consolidate its gains so a Read more…
US consumer prices eased in July, and they eased more than expected. The CPI data printed 8.5% on Wednesday, versus 8.7% expected by analysts and 9.1% printed a month earlier. The slower-than-expected inflation figure revived Read more…
Market movers today Markets will continue digesting yesterday’s US CPI figures, which will be followed by July PPI this afternoon. Consensus is looking for moderating producer price growth in line with the CPI. Money market Read more…
Tensions are running high with rising fears over a Chinese invasion of Taiwan in the not too distant future. In this paper we look closer at the risk of a war. While risks are rising Read more…
Daily Pivots: (S1) 161.45; (P) 162.55; (R1) 163.40; More… Intraday bias in GBP/JPY remains neutral at this point. Consolidation from pattern from 168.67 could extend further. On the upside, above 163.97 will turn bias to Read more…
Daily Pivots: (S1) 136.19; (P) 137.29; (R1) 137.97; More…. Intraday bias in EUR/JPY is turned neutral with current retreat. On the upside, break of 138.38, and sustained trading above 55 day EMA (now at 138.44) Read more…
Daily Pivots: (S1) 0.8428; (P) 0.8435; (R1) 0.8441; More… Intraday bias in EUR/GBP remains neutral and outlook stays bearish with 0.8585 resistance intact. Fall from 0.8720 is expected to resume sooner or later. Break of Read more…
Daily Pivots: (S1) 1.4533; (P) 1.4546; (R1) 1.4559; More… Intraday bias in EUR/AUD remains neutral first, but further fall is expected. On the downside, break the 1.4508 will resume the decline from 1.5396 to retest Read more…