No surprise, US inflation accelerated in April – but the data released yesterday showed that it accelerated more than expected for both headline and core figures: the former rose to 3.8% – heavily impacted by the rapid rise in energy prices – while the latter, core inflation, the version that excludes food and energy prices […]
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Daily Pivots: (S1) 0.7770; (P) 0.7796; (R1) 0.7827; More…. USD/CHF is staying in range trading and intraday bias remains neutral for the moment. With 0.7847 resistance intact, further decline is expected. On the downside, decisive Read more…
Daily Pivots: (S1) 0.7214; (P) 0.7232; (R1) 0.7257; More… Intraday bias in AUD/USD remains neutral as consolidations continue below 0.7277. With 0.7101 support intact, further rally is expected. On the upside, above 0.7277 will resume Read more…
In focus today In the US, April PPI data is due for release. Yesterday’s CPI print showed sticky monthly services and super-core inflation, reinforcing concerns around persistent underlying price pressures. Markets will watch whether PPI Read more…