Daily Pivots: (S1) 0.9915; (P) 0.9986; (R1) 1.0027; More… Intraday bias in USD/CHF stays neutral as it’s bounded in range of 0.9914/1.0072. Further rise is still mildly in favor. On the upside, break of 1.0072, Read more…
Canadian inflation data is in focus later today, and there are expectations for further signs of disinflation. Headline inflation cooled faster than expected in August, which is something I don’t get to write much on Read more…
Market movers today In the UK, September inflation figures are released. We expect headline to increase by 0.2p.p to 10.1% yoy which would be 0.2 p.p above Bank of England’s (BoE) latest inflation forecast. We Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Price has maintained its Read more…
Daily Pivots: (S1) 148.80; (P) 149.09; (R1) 149.52; More… There is no clear sign of topping in USD/JPY yet even though it continues to lose upside moment. Further rise is in favor to 61.8% projection Read more…
Yen remains the worst performer for the week but selling appears to have slowed after Japan’s intervention yesterday. Dollar is following as next weakest, as risk sentiment stabilized. Also, Dollar bulls are clearly on guard Read more…
Australia Westpac leading index six-month annualized growth rate declined from -0.33% to -1.15% in September. It’s now at the weakest level since the pandemic first hit in 2020, and prior to that, since early 2016. Read more…
BoJ Governor Haruhiko Kuroda told a parliamentary committee that recent depreciation of Yen was sharp and one-sided “This kind of yen weakening makes it difficult for companies to set their business plans and raises uncertainties Read more…
Minneapolis Fed President Neel Kashkari said yesterday, “I’ve said publicly that I could easily see us getting into the mid-4%s early next year.” “But if we don’t see progress in underlying inflation or core inflation, Read more…
September’s CPI inflation prints will be closely watched in Canada on Wednesday at 12:30 GMT. Analysts estimate a third consecutive month of diminishing inflation, but that might not necessarily be enough to push additional rate Read more…