Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.
Daily Pivots: (S1) 1.3981; (P) 1.3993; (R1) 1.4006; More… USD/CAD is still extending the corrective pattern from 1.4078. Intraday bias stays neutral for the moment. 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 […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
Dollar traded steady in Asian session, with traders showing little appetite for new positions ahead of key inflation data. The September CPI report, due later in the day, is expected to show a 0.4% monthly increase in headline prices and a 0.3% gain in core CPI, which would push the annual headline rate up to […]
The post Markets Hold Breath Ahead of US CPI, US–China Talks in KL appeared first on Action Forex.
This article was written by Justin Low at investinglive.com.
There aren’t any major expiries to take note of on the day, as seen with the full list below.
Trading sentiment today will center around the only game in town, that being the US CPI report for September. So, that will define how markets will look to wrap up the week. The session ahead will have some data releases to work with before the main event, in the form of UK retail sales and euro area PMI data. But barring any surprises, traders and investors will be more interested in gearing towards the US inflation numbers before really chasing anything before the weekend.
For more information on how to use this data, you may refer to this post here.
Head on over to investingLive (formerly ForexLive) to get in on the know!
This article was written by Justin Low at investinglive.com.
She’s trying to be more modest about her stance now that she is in the hot seat. But again, these are just words. We’ll have to see what the budget comes up to be at the end of the day before really drawing any conclusions. For now, the Japanese yen continues to soften on the week with USD/JPY approaching 153.00 today.
This article was written by Justin Low at investinglive.com.
End of content
End of content