UK inflation holds steady at 3.8% in September, cooler than expected
The Bank of England had forecast earlier this year that the consumer price index would peak at 4% (double the central bank’s target) in September.
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EUR/CHF Daily Outlook
Daily Pivots: (S1) 0.9218; (P) 0.9231; (R1) 0.9252; More… Intraday bias in EUR/CHF is turned neutral first with current recovery, and some consolidations could be seen. Outlook will remain bearish as long as 0.9311 support turned resistance holds. On the downside, break of 0.9208 will target 61.8% projection of 0.9660 to 0.9218 from 0.9452 at […]
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EUR/GBP rises to near 0.8700 following UK CPI data
EUR/GBP appreciates after three days of losses, trading around 0.8700 during the Asian hours on Wednesday. -
Gold, Silver Tumble, Oil Rebounds
It just took a few hours for gold and silver bulls to take profit and move to the sidelines yesterday, leading to the biggest price pullback across both precious metals. Gold fell more than 5% and silver tumbled nearly 7%. The selloff continued in early Asian trading before dip buyers kicked in. For gold, we […]
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FX option expiries for Oct 22 NY cut
FX option expiries for Oct 22 NY cut at 10:00 Eastern Time via DTCC can be found below. -
Bank of England Eyes CPI Figures Ahead of November Interest Rate Decision
In focus today The data front remains relatively quiet; however, keep an eye on the UK CPI inflation data for September, which will likely determine whether a Bank of England rate cut will be considered in November. Economic and market news What happened overnight In the Ukraine war, a summit between US President Trump and […]
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Ethereum Recovery Gains Traction, Yet Resistance Looms Large
Key Highlights Ethereum found support near $3,450 and started a decent upward move. ETH is following a connecting bullish trend line with support at $3,950 on the daily chart. Bitcoin price rallied over 5% but faced hurdles near $115,000. XRP is eyeing an upside break above the $2.650 barrier. Ethereum Technical Analysis Ethereum dipped below […]
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UK CPI at 3.8% in September, undershoots expectations of 4.0%
UK inflation came in softer than expected in September. Headline CPI was unchanged at 3.8% yoy, below consensus of 4.0%. Core CPI (excluding energy, food, alcohol and tobacco) eased to 3.5% from 3.6%. Breakdowns showed a mixed picture under the surface. CPI goods component rose marginally from 2.8% yoy to 2.9%, highest since October 2023. […]
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UK September CPI +3.8% vs +4.0% y/y expected
- Prior +3.8%
- Core CPI +3.5% vs +3.7% y/y expected
- Prior +3.6%
This article was written by Justin Low at investinglive.com.
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USD/CAD Daily Outlook
Daily Pivots: (S1) 1.3996; (P) 1.4031; (R1) 1.4059; More… Intraday bias in USD/CAD stays neutral as consolidations from 1.4078 extends. While deeper retreat cannot be ruled out, further rally is still expected as long as 1.3930 support holds. Current development suggest that rise from 1.3538 is reversing whole fall from 1.4791. Above 1.4078 will target […]
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