Daily Pivots: (S1) 1.4022; (P) 1.4037; (R1) 1.4045; More… USD/CAD is still bounded in consolidations below 1.4139 and intraday bias remains neutral. Further rally is expected with 1.3970 support intact. On the upside, decisive break of 1.4139 resistance will resume whole rally from 1.3538. Next target is 61.8% retracement of 1.4791 to 1.3538 at 1.4312. […]
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No surprise, US inflation accelerated in April – but the data released yesterday showed that it accelerated more than expected for both headline and core figures: the former rose to 3.8% – heavily impacted by Read more…
Key Takeaways US inflation accelerated sharply in April, with headline CPI rising to 3.8% y/y and core CPI to 2.8% y/y, reinforcing the “higher-for-longer” Federal Reserve narrative and effectively eliminating expectations for rate cuts in Read more…
New Zealand’s latest RBNZ Survey of Expectations showed a sharp rise in near-term inflation expectations, reinforcing concerns that price pressures may remain elevated even as growth slows. One-year-ahead CPI inflation expectations jumped from 2.59% to Read more…