On 26 August, the US Commerce Department released July data on the Personal Consumption Expenditures (PCE) index. Core PCE rose 0.2% month-on-month and 3.3% year-on-year, in line with market expectations. Ellen Zentner, Chief Economic Strategist at Morgan Stanley Wealth Management, noted that the modest upside surprise in inflation was not significant enough to shift the […]
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AUD/USD’s rally is still in progress and intraday bias stays on the upside for 200% projection of 0.6864 to 0.7026 from 0.6921 at 0.7245. On the downside, below 0.7136 minor support will turn intraday bias Read more…
USD/CAD’s recovery stalled at 1.3891 and intraday bias remains neutral. Stronger rise cannot be ruled out, but upside should be limited by 38.2% retracement of 1.4247 to 1.3730 at 1.3927. On the downside, below 1.3823 Read more…
GBP/JPY is staying in consolidations below 217.45 and intraday bias remains neutral. While deeper pullback cannot be ruled out, further rally is expected as long as 214.80 support holds. On the upside, above 217.45 will Read more…