Consumer price inflation rose by 1.3% month-over-month (m/m) in June – a modest acceleration from the 1.0% m/m recorded the month prior. On a year-over-year basis, inflation accelerated by 0.5 percentage points (pp) from May, Read more…
Daily Pivots: (S1) 1.0000; (P) 1.0037; (R1) 1.0074; More… No change in EUR/USD’s outlook and further decline is expected with 1.0189 minor resistance intact. Current down trend should target 100% projection of 1.1184 to 1.0348 Read more…
Daily Pivots: (S1) 1.1827; (P) 1.1932; (R1) 1.1998; More… Intraday bias in GBP/USD stays neutral for consolidation above 1.1806 temporary low. But further fall is expected with 1.2055 resistance intact. Break of 1.1806 will resume Read more…
Daily Pivots: (S1) 0.9794; (P) 0.9827; (R1) 0.9849; More… Intraday bias in USD/CHF is turned neutral first, but further rise is expected as long as 0.9680 minor support holds. . Consolidation pattern from 1.0063 should Read more…
The founder and former CEO of Amazon, Jeff Bezos, made waves in February due to an extravagant demand. The story in February had gone global and made a lot of waves. A Dutch superyacht maker, Oceanco, sought Read more…
Dollar rises in early US session after data shows that headline consumer inflation accelerated once again in June, to the highest level since 1981. Yen is currently the worst performing one on rise in US Read more…
Daily Pivots: (S1) 136.39; (P) 136.96; (R1) 137.44; More… USD/JPY rises in early US session but stays below 137.73 temporary top. Intraday bias remains neutral first. In case of another retreat, downside should be contained Read more…
US CPI rose 1.3% mom in June, above expectation of 1.0% mom. CPI core rose 0.7% mom, also above expectation of 0.5% mom. Energy index rose 7.5% mom, contributed nearly half of the all items Read more…
Bets on a 1% Fed rate hike later this month, essentially non-existent last week, are starting to accelerate following a faster-than-expected reading for June inflation. Updated at 8:47 am EST U.S. inflation accelerated to a Read more…
After data showing 0.5% mom GDP growth in UK, NIESR now forecasts 0.2% mom growth in June. For whole of Q2, growth would then be 0.2%. It still forecast a contraction of -0.1% in GDP Read more…