China’s economy gains traction despite obstruction from property crisis
China’s industrial production rose by 4.2% in August after rising by 3.8% previous month and surprising expectations for 3.8% expansion.
August figures point to the fastest pace of industrial output growth since March.
The separate…
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Weak tone dominates during the US session on Thursday
Cable is losing traction during American trading on Thursday and probes below the floor of two-day range, returning to weakness after a short-lived Wednesday’s recovery, which stalled on attempts to register a clear break above initial…
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US retail sales rise above expectations in August
US retail sales rose by 0.3% in August after dropping 0.4% previous month and ticked above expectations for 0.2% increase.
Stronger than expected rise comes primarily as a result of lower gasoline prices which eased from record highs and…
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Bears remain fully in play below parity
The Euro continues to move within a narrow range for the second straight day, with parity level marking solid resistance and so far limiting the action.
Tuesday’s massive bearish daily candle continues to weigh, along with bearishly…
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Near-term structure remains bullish on expectations for aggressive Fed
The USDJPY regained traction and edged higher in late Asian / early European trading on Thursday, after being hit by talks of possible BoJ intervention to support weakening yen, as immediate threats of intervention started to fade, on…
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Dollar keeps firm tone on revived expectations of aggressive Fed
The dollar remains steady and holding above solid supports at 109.58/51 (broken Fibo 61.8% of 110.77/107.65 / 10DMA) in European session on Thursday.
Wednesday’s pullback from the top of strong rally following US inflation report, sparked…
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Bears pressure key longer-term support
Spot gold extends steep decline from $1735 lower top into third consecutive day, under renewed pressure from fresh strength of the dollar.
US inflation rose above expectations in August, adding to expectations that Fed will deliver another…
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Recovery struggles at parity level
Recovery attempts after Tuesday’s 1.5% drop, cracked parity barrier (reinforced by 20DMA), but so far lack momentum for stronger recovery.
Headwinds from parity zone, accompanied with bearishly aligned daily studies, warn of recovery…
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Cable regains traction after Tuesday’s strong fall but bears still in control
Cable regained traction after a brief dip under 1.15 mark on lower than expected UK inflation data, as expectations of 0.75% BoE rate hike next week continue to dominate and underpin pound.
Wednesday’s sharp drop on higher than expected US…
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UK inflation falls below expectations in August
British annualized consumer prices inflation unexpectedly dropped to 9.9% in August, after it hit a double-digit value at 10.1% in July and fell below expectations for 10.2% rise.
Monthly inflation rose by 0.5% in August, following a…
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