Daily Pivots: (S1) 1.2835; (P) 1.2868; (R1) 1.2919; More… Intraday bias in USD/CAD remains neutral at this point. On the downside, firm break of 1.2818 support will bring deeper fall back to 1.2516 key support. Read more…
Dollar is trading with a soft tone today, as focus turns to FOMC rate decision. Another 75bps hike is widely expected and Chair Jerome Powell is not expected to deliver any dramatic comments. Traders would Read more…
Germany Gfk consumer sentiment for August dropped from -27.7 to -30.6, below expectation of -28.2. That’s another record low since the start of the series in 1991. In July, economic expectations dropped from -11.7 to Read more…
Fed is widely expected to raise interest rates by 0.75% today, for the second time in a row, to bring the federal funds rate target rate to 2.25-2.50%. More tightening is expected afterwards, as most Read more…
Australia CPI rose 1.8% qoq in Q2, blow expectation of 1.9% qoq. For the 12-month period, CPI accelerated from 5.1% yoy to 6.1% yoy, below expectation of 6.3% yoy. RBA trimmed mean CPI came in Read more…
June 2022 CPI 1.8%qtr vs 1.7% forecast; Trimmed Mean 1.5% vs 1.4% forecast. The CPI came in broadly as expected even with food, clothing & footwear, household furniture, equipment & services surprising to the high Read more…
DXY: On the H4, with prices reversing off the ichimoku indicator, we have a bearish bias that prices will drop to the 1st support at 105.642 in line with overlap support and 61.8% fibonacci retracement Read more…
June quarter Australian inflation data has surged to 6.1%, but below consensus expectations easing fears of a supersized 75bp rate hike when the RBA meets next week. Headline CPI rose by 1.8% QoQ and 6.1% Read more…
Earlier today, EU member states agreed to voluntarily cut their use of Russian gas by 15% as fears increase that Russia may shut off gas flow completely heading into the European winter months. This was Read more…
USD/JPY’s ascendance showing potential signs of cooling Insufficient evidence yet of any dramatic retracement or reversal 135 and 131.50 are key levels to watch Warning Signs Flashing USD/JPY has been one of the latest entries Read more…