Key insights from the week that was. In Australia, the Q2 CPI reported a 1.0% (3.8%yr) gain in headline inflation and a 0.8% (3.9%yr) lift in underlying trimmed mean inflation, the latter a material downside surprise relative to consensus. The detail was nuanced, with some prices pressures continuing to abate as others showed persistence. Disinflation […]
The post Cliff Notes: Message Received appeared first on Action Forex.
Daily Pivots: (S1) 1.6502; (P) 1.6566; (R1) 1.6682; More… Intraday bias in EUR/AUD remains on the upside for the moment. Corrective pullback from 1.7180 could have completed at 1.6256 already. Further rise should be seen Read more…
Daily Pivots: (S1) 0.9322; (P) 0.9364; (R1) 0.9389; More…. Further decline is expected in EUR/CHF with 0.9444 resistance intact, despite relatively weak downside momentum as seen in 4H MACD. Rebound form 0.9029 should have completed Read more…
Daily Pivots: (S1) 1.3492; (P) 1.3509; (R1) 1.3519; More… Intraday bias in USD/CAD remains neutral as consolidation from 1.3439 is extending. Further decline will remain in favor as long as 1.3617 resistance holds. On the Read more…