The US dollar surged after consumer prices rose faster than expected last month. The euro’s rally came to a halt in the supply zone around 1.0190, then a fall below 1.0090 forced leveraged short-term long Read more…
Ouch! The US inflation data release didn’t go according to the plan yesterday. The headline figure printed 8.3% inflation in August, higher than the 8.1% expected by analysts, and happily, slightly lower than last month’s Read more…
Market movers today More focus on CPI today with inflation releases from both UK and Sweden (see below), where focus will be on the impact from high electricity prices. US releases PPI which has shown Read more…
Daily Pivots: (S1) 1.0055; (P) 1.0127; (R1) 1.0193; More… Intraday bias in EUR/USD is mildly on the downside for retesting 0.9863 low first. . Firm break there will resume larger down trend. On the upside, Read more…
Daily Pivots: (S1) 1.1411; (P) 1.1574; (R1) 1.1657; More… Intraday bias in GBP/USD is mildly on the downside for retesting 1.1404/9 support zone. Decisive break there will resume larger down trend. On the upside, above Read more…
Daily Pivots: (S1) 0.9522; (P) 0.9577; (R1) 0.9675; More… Intraday bias in USD/CHF remains neutral fist. Overall, it’s still in corrective pattern from 1.0063. Below 0.9478 will extend the fall from 0.9868 towards 0.9369 support. Read more…
Daily Pivots: (S1) 142.59; (P) 143.63; (R1) 145.61; More… Intraday bias in USD/JPY remains neutral first. Consolidation from 144.98 could still extend. But downside should be contained by 139.37 resistance turned support. On the upside, Read more…
Daily Pivots: (S1) 0.6667; (P) 0.6792; (R1) 0.6856; More… Intraday bias in AUD/USD remains neutral first. On the downside, firm break of 0.6680 support will resume larger down trend. Next target is 0.6461 long term Read more…
Daily Pivots: (S1) 1.3027; (P) 1.3101; (R1) 1.3249; More… USD/CAD rebounded strongly after dipping to 1.2952, but stays below 1.3207. Intraday bias remains neutral first. On the upside, decisive break of 1.3222 will resume larger Read more…
Dollar surged overnight, partly as traders added bet of another aggressive rate hike by Fed next week, and partly on deep risk aversion. Though, there is no follow through buying in Asia, as the greenback Read more…