In focus today We expect the euro area inflation data today to show that headline inflation eased to 2.2% y/y in August from 2.6% in July, driven by base effects on energy prices. We see underlying inflation remaining persistent due to sticky service inflation and a normalization of core goods inflation from the very low […]
The post Energy Base Effects to Drive EA August Inflation Down, Focus on Services Price Momentum appeared first on Action Forex.
Daily Pivots: (S1) 196.89; (P) 197.35; (R1) 198.05; More… Intraday bias in GBP/JPY remains neutral as range trading continues below 199.79. Further rally is expected as long as 55 D EMA (now at 195.24) holds. Read more…
Daily Pivots: (S1) 163.65; (P) 164.23; (R1) 164.82; More…. Intraday bias in EUR/JPY remains neutral for consolidations above 163.19 temporary low. On the downside, sustained trading below 55 D EMA (now at 163.44) will argue Read more…
Daily Pivots: (S1) 0.8299; (P) 0.8322; (R1) 0.8337; More… Intraday bias in EUR/GBP stays neutral and more consolidations could be seen above 0.8259 temporary low. But further decline is expected as long as 0.8446 resistance Read more…