Intraday bias in EUR/AUD is turned neutral first with current retreat. Outlook is unchanged that pullback from 1.6617 has completed as a correction at 1.6250. Above 1.6492 will bring retest of 1.6617 first. Firm break Read more…
Intraday bias in EUR/CHF is turned neutral with current retreat. Some consolidations would be seen below 0.9348 first. But further rally is expected as long as 0.9265 resistance turned support holds. Above 0.9348 will resume Read more…
Eurozone inflation remained elevated in July, with headline CPI holding at 2.9% year-over-year, matching expectations and edging up from 2.8% in June. The bigger surprise came from core inflation, which accelerated to 2.5% from 2.4%, Read more…
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Wall Street just lived through one of its wildest 48 hours of the year. On Wednesday, the Fed held rates steady at 3.50%-3.75%, but three FOMC members broke ranks to demand a hike—an unusually hawkish Read more…
Dow Jones Futures (YM) is pulling back to correct the cycle from the 45,430 low in wave 2. The Elliott Wave structure suggests that the index remains vulnerable to further downside in the near term, Read more…
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There will be no KBC Sunrise from Monday August 3 until Monday August 10. We resume our publication on Tuesday August 12. Markets Markets yesterday had plenty of data to keep an eye on. Despite Read more…
TL;DR: A weaker Dollar usually lifts Gold and Silver, but this week’s decline is being driven by fading Fed hike bets and a stock rally rather than falling real yields or safe-haven demand — leaving Read more…
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