US consumer inflation slowed to 8.5% in July from 9.1% a month earlier. As we had pointed out, the fact was noticeably lower than the forecasted 8.7%, and this caused an immediate market reaction. FedWatch Read more…
USDCHF broke key support level 0.9480 Likely to fall to support level 0.9300 USDCHF currency pair recently broke the key support level 0.9480 (which stopped the earlier minor impulse wave 1 at the start of Read more…
EURUSD broke key resistance level 1.0260 Likely to rise to resistance level 1.0370 EURUSD just broke the pivotal resistance level 1.0260 (which has been repeatedly reversing the pair from the middle of July). The breakout Read more…
Another year, another new Galaxy Z Fold foldable. Samsung has just wrapped its latest Galaxy Unpacked event where, as expected, it announced two foldables, new smartwatches, and an update to its Galaxy Buds Pro line. Read more…
The Galaxy Z Fold 4 and Z Flip 4 are Samsung’s latest generation of foldable phones. | Image: Samsung After its recent announcements at the August 10th Unpacked event, Samsung’s latest generation of foldable phones Read more…
Daily Pivots: (S1) 1.2853; (P) 1.2876; (R1) 1.2909; More… USD/CAD’s break of 1.2817 minor support suggests that fall from 1.3222 is resuming. Intraday bias is back on the downside for 61.8% projection of 1.3222 to Read more…
If the “peak inflation” theme gathers steam in the coming weeks, we may look back at today’s inflation reading as a major turning point for the year-to-date market trends. In Monday’s CPI preview report, we Read more…
Crude oil continues to find strong resistance following the price reversal around mid-June. After last week’s sharp selling, oil prices started this week on the front-foot, but some of those gains are starting to evaporate Read more…
The British pound has surged in today’s North American session. GBP/USD has jumped a massive 1.20% on the day and is trading at 1.2218. US inflation underperforms The economic calendar is very light on both Read more…
Consumer price inflation was flat in July after having increased by 1.3% month-over-month (m/m) in June. On a year-over-year basis, inflation decelerated 0.6 percentage points (pp) from June, rising by 8.5%. After making sizeable contributions Read more…