Next focus is on the US CPI report in 2-1/2 hours. Click below for a detailed preview.
Newsquawk.com Week Ahead: 9th-13th September
Highlights include China CPI, US CPI/PPI, ECB rate decision; UK GDP & employment/wages
USDCAD Daily
Loonie went on several occasions on stop hunting below The Major Support trend line, but never – ever closed even ones below.
Important resistance and deal breaker is at 1.36300 – if above sky is the limit 😀
Supports : 1.35650 , 1.35150 & 1.34850
Resistances : 1.36300 , 1.36850 & 1.37850
US 10-yr Yield | 3:36 AM EDT
3.616%
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what is that watson ?
US economy going the way of a morning turd
on economy’s impottant indicators: GDP, job turfings and type of new job creation and … price inflation
the rate may be coming down somewhat BUT inflation is cumulative so the APPARENT cost of goods and services keeps going up.
It is hard to write about tonight’s U.S. presidential TV debate without expressing a political view but I will give it a try.
Trump vs. Harris Debate: Will Markets React?
EURGBP 15 MINUTE CHART – HOW TO USE CROSSES TO TRADE SPOT FOREX
Note how EURUSD lost the bid (last at 1.1020) after EURGBP met resistance (at the blue AT line)
A look at the day ahead in U.S. and global markets from Mike Dolan
Markets have recovered their poise this week on a potent mix of U.S. ‘soft landing’ hopes and interest rate cut speculation and now turn their attention back to U.S. politics ahead of Tuesday’s big TV debate.
EURUSD DAILY CHART
No change from what was posted in our Weekly FX Chart Outlook other than while within 1.10-1.11, 1.1050 will set its trading bias.
From the Weekly FX Chart Outlook
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Last week I said the EURUSD range was 1.10-1.12 with 1.11 setting the trading bias.
Well, that didn’t change after a whipsaw end to the week following the US jobs report
Looking at this daily chart, it would take a break of 1.0949 to fully negate the upside risk.
Highlight: ECB decision on Thursday
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