The Dax 40 recoups losses as traders reposition ahead of CPI this week. The bulls are looking to safeguard the summer rebound by keeping it off the critical demand zone around 12450. A surge above Read more…
Japanese and Australian equities made a positive start to the week, after a bullish session on Friday. The US equities ended last week on quite a high note, after investors pulled more than $10 billion Read more…
Market movers today There are no tier-1 global movers today but focus remains on developments in gas and electricity prices alongside developments in Ukraine (see more below). Danish august CPI inflation is released. We expect Read more…
UK GDP grew 0.2% mom in July, below expectation of 0.3% mom. Services grew 0.4% mom. Production dropped -0.3% mom. Construction also contracted -0.8% mom. For the three months to July, GDP was flat compared Read more…
Daily Pivots: (S1) 141.34; (P) 142.73; (R1) 143.96; More… USD/JPY recovers mildly today but stays in range below 144.98. Intraday bias remains neutral and more consolidations could be seen. Downside of retreat should be contained Read more…
Markets are generally steady in Asian session today. European majors are firming up slightly but there is no clear follow through buying so far. On the other hand, Yen is losing ground while commodity currencies Read more…
USD/JPY: On the H4 chart, price is still respecting the ascending channel. We are bullish bias- Price is currently testing the first support at 141.652 where the 23.6% retracement sits. Bearish momentum might bring price Read more…
EUR/USD: Two Events of the Week The past week was marked by two significant events. First, the EUR/USD pair updated its 20-year low on Tuesday, September 06 once again, falling to 0.9863. And then the Read more…
ECB Executive Board member Frank Elderson told Dutch television, “it’s very important that the expectations that the people have on how the inflation will develop in the medium to long term will not become unanchored.” Read more…
Bundesbank President Joachim Nagel said in a radio interview on Sunday that last week’s 75bps hike was a “clear sign and if the inflation picture stays the same, further clear steps must follow.” He added Read more…