The Canadian dollar is sharply lower today. In the North American session, USD/CAD is trading at 1.3329, up 0.59% on the day. Canada’s inflation surprises to the downside Canada’s August inflation report fell to 7.0%, Read more…
Markets: Today’s story is a quite straight-forward one. Accelerating Japanese inflation numbers (3% Y/Y) showed during Asian trading hours that there’s no escaping the inflation trends. Even if the Bank of Japan is expected to Read more…
Elon Musk, the world’s most influential CEO, has legions of fans who believe in his ability to shake up the world order. Elon Musk’s prominence continues to grow. The chief executive of Tesla (TSLA) – Read more…
The Bank of England will announce its September policy decision a week later than planned on Thursday (11:00 GMT) after the meeting had to be postponed until after the funeral of the late Queen Elizabeth Read more…
EURAUD has lost some upward momentum over the last three days as the rebound from August’s five-year trough hit a wall at the top of the Ichimoku cloud. This region also coincides with the 61.8% Read more…
The Japanese yen is in negative territory, as USD/JPY trades at 143.67, up 0.31%. Will Fed or BoJ wake up sleepy yen? There is plenty of anticipation, as the Federal Reserve holds a meeting on Read more…
Consumer price inflation took another small step in the right direction in August, easing to 7.0% year-on-year (y/y), down from 7.6% in July. Lower gasoline prices helped cool inflation once again, falling 9.6% on the Read more…
Daily Pivots: (S1) 0.9984; (P) 1.0007; (R1) 1.0047; More… Intraday bias in EUR/USD stays neutral as range trading continues. Outlook also remains bearish. On the downside, firm break of 0.9863 support will resume larger down Read more…
Daily Pivots: (S1) 1.1380; (P) 1.1411; (R1) 1.1466; More… Intraday bias in GBP/USD stays neutral for consolidation above 1.1349 temporary low. Break of 1.1737 resistance is needed to indicate short term bottoming. Otherwise, outlook stays Read more…
Daily Pivots: (S1) 142.71; (P) 143.17; (R1) 143.70; More… Intraday bias in USD/JPY stays neutral and consolidation from 144.98 could extend. Deeper retreat cannot be ruled out, but downside should be contained by 139.37 resistance Read more…