Eurozone CPI slowed from 5.2% yoy to 4.3% yoy in September, below expectation of 4.5% yoy. CPI core (ex energy, food, alcohol & tobacco) also slowed from 5.3% yoy to 4.5% yoy, below expectation of Read more…
Gold price is moving lower below the $1,885 support. Crude oil price is now correcting gains and trading below the $92.00 support. Important Takeaways for Gold and Oil Prices Analysis Today Gold price failed to Read more…
AUDUSD extends strong bounce from new 2023 low (0.6331) into second straight day, driven by profit-taking at the end of the month/quarter. Slight change in Fed’s narrative on monetary policy from hawkish stance to unclear Read more…
Tokyo Core CPI eases to 2.5% Japanese yen rises The Japanese yen is showing some life following a nasty slide earlier in the week, which saw it decline around 1.5% and come close to the Read more…
USDCAD gives up weekly gains; might be due to a pullback Potential support could next emerge near 1.3400 US core PCE inflation index on the agenda USDCAD erased Tuesday’s bounce as the 20-day simple moving Read more…
GBPJPY slid below 50-day SMA last week after BoE’s unexpected decision to hold rates steady Found its feet at the lower end of the Ichimoku cloud and has been directionless since then Are the bulls ready Read more…
Swiss KOF Economic Barometer registered a drop in September, moving from 96.2 to 95.9. Although this decline was milder than the anticipated fall to 90.5, the barometer still positions below its historical average. This suggests Read more…
Markets Another abrupt and sharp sell-off in core bonds initially hurled yields in the US almost 10 bps higher yesterday. The long end underperformed. This happened despite economic data, excluding weekly jobless claims, coming in Read more…
Daily Pivots: (S1) 1.0512; (P) 1.0545; (R1) 1.0600; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0487 is extending. Stronger recovery cannot be ruled out. But risk will stay on the downside as Read more…
Daily Pivots: (S1) 1.2141; (P) 1.2183; (R1) 1.2246; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2109 is extending. Stronger recovery cannot be ruled out. But near term risk will stay on the Read more…