Daily Pivots: (S1) 0.9745; (P) 0.9781; (R1) 0.9839; More… USD/CHF’s rebound form 0.9543 resumes after brief consolidation and intraday bias back on the upside. Further rally would be seen to retest 1.0063 high. Firm break Read more…
Daily Pivots: (S1) 1.2469; (P) 1.2514; (R1) 1.2540; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the downside, break of 1.2429 support suggest that rebound from 1.2154 has completed. Intraday bias Read more…
Markets Yesterday, the ECB turned a page. With new staff projections forecasting both core and headline inflation to stay above the 2.0% target over the bank’s policy horizon, the ECB couldn’t but formally give the Read more…
European and US stocks declined yesterday and the futures hint at a bearish start in Europe. Inflation and recession fears take the upper hand, after the European Central Bank (ECB) raised its inflation significantly from Read more…
Market movers today With ECB’s meeting behind us, the markets will remain sensitive to potential sources stories, which may indicate the difference on views on the size of rate hikes at the September meetings and Read more…
The roller coaster activity on US stock markets continued overnight, with Wall Street deciding that inflation and recessions were an issue for two days in a row. A tiny rise in US Initial Jobless Claims Read more…
Daily Pivots: (S1) 1.0561; (P) 1.0668 (R1) 1.0724; More… EUR/USD’s breach of 1.0626 minor support argues that rebound from 1.0348 has completed at 1.0786 already, after multiple rejection by 55 day EMA. Intraday bias is Read more…
Euro’s post ECB rally was very short-lived, while market turned into risk-off mode later in US session. Negative sentiment continues in Asia today as US consumer inflation data is awaited. So far, Sterling is the Read more…
US stocks tumbled sharp in late trading overnight, as traders turned into defense mode ahead of today’s consumer inflation report. Headline CPI is expected to tick down from 8.3% yoy to 8.2% yoy in May. Read more…
China PPI slowed notably from 8.0% yoy to 6.4% yoy in May, below expectation of 6.5% yoy. That’s also the lowest level in 14 months since March 2021. CPI was unchanged at 2.1% yoy, below Read more…