Daily Pivots: (S1) 1.1101; (P) 1.1124; (R1) 1.1136; More…. Range trading continues in EUR/USD and intraday bias remains neutral. On the upside, break of 1.1153 resistance will suggest that later rally is ready to resume and target 1.1200, and then 1.1274 high. On the downside, below 1.1072 minor support will turn bias back to the […]
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Key Highlights Gold rallied to a new all-time high above the $2,660 level. A major bullish trend line is forming with support at $2,590 on the 4-hour chart. Oil prices might struggle to settle above Read more…
Australia’s monthly CPI slowed from 3.5% yoy to 2.7% yoy in August, marking the lowest reading since August 2021. Core inflation measures also eased, with CPI excluding volatile items and holiday travel declining to 3.0% Read more…
BoC Governor Tiff Macklem, in a speech overnight, suggested that more interest rate cuts are likely, contingent on incoming economic data. He acknowledged, “With the continued progress we’ve seen on inflation, it is reasonable to Read more…