Australian consumer prices rose at the annual pace of 7.3% y/y – above the 7% forecast and up from 6.1% in Q2. The RBA’s preferred measures of inflation also came in hotter than expected, with Read more…
Google and Microsoft reversed the joyful Tuesday sentiment. The US dollar and the US yields fall on soft economic data – that tempered the hawkish Federal Reserve (Fed) expectations. The Bank of Canada (BoC) is Read more…
Market movers today In a fairly thin data calendar today, the big event of the day is the Bank of Canada monetary policy announcement this afternoon. Markets and analysts are roughly evenly split between a Read more…
Daily Pivots: (S1) 0.6327; (P) 0.6369; (R1) 0.6437; More… AUD/USD’s recovery form 0.6169 resumes after brief setback and intraday bias is back on the upside for 0.6539 resistance. Firm break there, and sustained trading above Read more…
Daily Pivots: (S1) 1.3556; (P) 1.3652; (R1) 1.3703; More… USD/CAD gyrates lower today as consolidation from 1.3976 extends. Intraday bias remains neutral first and further rise is in favor as long as 1.3501 support holds. Read more…
Daily Pivots: (S1) 0.9883; (P) 0.9905; (R1) 0.9937; More…. EUR/CHF’s rise from 0.9470 is still in progress and intraday bias stays on the upside. Next target is 100% projection of 0.9407 to 0.9798 from 0.9641 Read more…
Daily Pivots: (S1) 0.8648; (P) 0.8703; (R1) 0.8740; More… Intraday bias in EUR/GBP remains neutral and further decline is expected with 0.8869 resistance intact. On the downside, break of 0.8577 will resume the fall from Read more…
Daily Pivots: (S1) 1.5538; (P) 1.5600; (R1) 1.5651; More… Intraday bias in EUR/AUD stays neutral for the moment. On the upside, break of 1.5704 will resume the rally from 1.4281 to 161.8% projection of 1.4281 Read more…
Daily Pivots: (S1) 146.90; (P) 147.19; (R1) 147.75; More…. Range trading continues in EUR/JPY and intraday bias remains neutral. Deeper retreat could be seen but downside should be contained by 140.88/144.06 support zone to bring Read more…
Daily Pivots: (S1) 168.43; (P) 169.19; (R1) 170.53; More… GBP/JPY is staying below 170.07 and intraday bias remains neutral. But further rally is still in favor. Firm break of 170.07 will confirm up trend resumption. Read more…