EURUSD broke key resistance level 1.0260 Likely to rise to resistance level 1.0370 EURUSD just broke the pivotal resistance level 1.0260 (which has been repeatedly reversing the pair from the middle of July). The breakout Read more…
Daily Pivots: (S1) 1.2853; (P) 1.2876; (R1) 1.2909; More… USD/CAD’s break of 1.2817 minor support suggests that fall from 1.3222 is resuming. Intraday bias is back on the downside for 61.8% projection of 1.3222 to Read more…
If the “peak inflation” theme gathers steam in the coming weeks, we may look back at today’s inflation reading as a major turning point for the year-to-date market trends. In Monday’s CPI preview report, we Read more…
Crude oil continues to find strong resistance following the price reversal around mid-June. After last week’s sharp selling, oil prices started this week on the front-foot, but some of those gains are starting to evaporate Read more…
The British pound has surged in today’s North American session. GBP/USD has jumped a massive 1.20% on the day and is trading at 1.2218. US inflation underperforms The economic calendar is very light on both Read more…
Consumer price inflation was flat in July after having increased by 1.3% month-over-month (m/m) in June. On a year-over-year basis, inflation decelerated 0.6 percentage points (pp) from June, rising by 8.5%. After making sizeable contributions Read more…
Daily Pivots: (S1) 0.6946; (P) 0.6970; (R1) 0.6987; More… AUD/USD’s rally from 0.6680 resumes by breaking through 0.7045 and intraday bias is back on the upside. Further rally should be seen to 61.8% projection of Read more…
Coffee-bar giant Starbucks has something that Tesla, Lucid, Rivian, Volvo, and other electric vehicle makers really want and need. When Howard Schultz first became chief executive of Starbucks (SBUX) – Get Starbucks Corporation Report, he Read more…
Daily Pivots: (S1) 134.81; (P) 135.00; (R1) 135.34; More… Immediate focus is now on 132.50 minor support in USD/JPY with current sharp fall. Firm break there will argue that whole decline from 139.37 is resuming. Read more…
Daily Pivots: (S1) 0.9511; (P) 0.9536; (R1) 0.9560; More… USD/CHF’s decline resumed by breaking through 0.9468 and intraday bias is back on the downside. Prior rejection by 55 day EMA is a bearish sign. Strong Read more…