Daily Pivots: (S1) 156.73; (P) 157.66; (R1) 159.25; More… EUR/JPY’s break of 158.55 resistance suggests that rebound from 153.15 is resuming. Intraday bias is back on the upside. Further rally should be seen to 100% projection of 153.15 to 158.55 from 155.06 at 160.46. For now, risk will stay mildly on the upside as long […]
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The Federal Reserve’s preferred measure of inflation edged higher in October, data indicated Wednesday, thanks in part to an ongoing boom in consumer spending that is challenging the central bank’s effort to tame price pressures. Read more…
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