Markets US headline inflation in August rose 0.1% m/m, defying (commodity driven) expectations for a 0.1% decline. Year-on-year, prices grew by 8.3%. While down from 8.5% in July, the cooldown was less than the 8.1% Read more…
Summary The Consumer Price Index increased 0.1% in August, but the modest gain for the headline index masked what was a disappointing report. Gasoline prices fell 10.6% in the month, helping to keep overall inflation Read more…
Daily Pivots: (S1) 0.6843; (P) 0.6871; (R1) 0.6919; More… AUD/USD’s break of 0.6823 minor support argues that rebound from 0.6698 has completed. Intraday bias is turned neutral first. On the downside, further break of 0.6680 Read more…
Daily Pivots: (S1) 142.13; (P) 142.81; (R1) 143.52; More… USD/JPY rebounded strongly after drawing support from 4 hour 55 EMA, but stays below 144.98 temporary top. Intraday bias remains neutral first. In case of another Read more…
Daily Pivots: (S1) 0.9495; (P) 0.9553; (R1) 0.9596; More… Intraday bias in USD/CHF is turned neutral with breach of 0.9625 minor resistance. Overall, it’s still in corrective pattern from 1.0063. Below 0.9478 will extend the Read more…
Daily Pivots: (S1) 1.1618; (P) 1.1665; (R1) 1.1728; More… GBP/USD’s break of 1.1550 minor support suggests that rebound from 1.1404 has completed at 1.1737. Intraday bias is back on the downside for retesting 1.1404/9 support Read more…
Consumer price inflation increased by 0.1% month-on-month (m/m) in August, following July’s flat reading. On a year-over-year (y/y) basis, headline inflation decelerated by 0.2 percentage points (pp) from July, slowing to 8.3%. Energy prices fell Read more…
Daily Pivots: (S1) 1.0055; (P) 1.0127; (R1) 1.0193; More… EUR/USD’s break of 1.0031 minor support argues that rebound from 0.9863 has completed at 1.1097 already. Rejection by 55 day EMA and channel resistance retains near Read more…
Dollar rebounds strongly in early US session after stronger than expected consumer inflation reading. 10-year yield jumps sharply and breaks above 3.4% handle DOW futures are down over -300 pts at the time of writing. Read more…
US CPI rose 0.1% mom in August, after being flat in July, above expectation of -0.1% mom decline. Core CPI rose 0.6% mom, larger than prior month’s 0.3% mom, and higher than expectation of 0.3% Read more…