UK GDP grew 0.3% mom in November, above expectation of 0.2% mom. Services output rose 0.4% mom. Production output grew 0.3% mom. Construction sector fell-0.2% mom. However, in the three months to November, GDP fell Read more…
Yesterday’s US inflation report wasn’t exactly ideal. The headline inflation rose more than expected to 3.4% from 3.1% printed a month earlier. Shelter, electricity, and food prices drove the overall CPI index higher in December. Read more…
Daily Pivots: (S1) 1.3349; (P) 1.3396; (R1) 1.3441; More… While USD/CAD continues to lose upside momentum, as seen in 4H MACD, further rally is in favor to 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Read more…
Daily Pivots: (S1) 0.6648; (P) 0.6687; (R1) 0.6727; More… AUD/USD is staying in range above 0.6639 and intraday bias remains neutral. On the downside, break of 0.6639 will resume the fall from 0.6870 short term Read more…
Daily Pivots: (S1) 144.81; (P) 145.61; (R1) 146.08; More… USD/JPY retreated after edging higher to 146.40 and intraday bias is turned neutral again. On the upside above 146.40 will resume the rebound from 140.25 to Read more…
Daily Pivots: (S1) 0.8498; (P) 0.8518; (R1) 0.8528; More…. Intraday bias in USD/CHF remains neutral and outlook is unchanged. Consolidation from 0.8332 is extending and stronger recovery cannot be ruled out. But outlook will stay Read more…
Daily Pivots: (S1) 1.2711; (P) 1.2742; (R1) 1.2795; More… GBP/USD is staying in range below 1.2826 and intraday bias remains neutral at this point. On the upside, decisive break of 1.2826 high will resume whole Read more…
Short Term Elliott Wave view in Silver (XAGUSD) suggests that the metal shows a bearish sequence from 12.4.2023 high. The decline from 12.4.2023 high is unfolding as a zigzag Elliott Wave structure. Down from 12.4.2023 Read more…
Daily Pivots: (S1) 1.0936; (P) 1.0967; (R1) 1.1005; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to Read more…
Dollar’s fleeting post-CPI rally was very short-lived. The greenback quickly reversed its initial gains and has since been trading within a narrow range against other major currencies. Traders appear relatively unfazed by the stronger than Read more…