FxWirePro: USD/ZAR remains weak, eyes 23.6%fib support 
FxWirePro: NZD/USD bears regain grip as greenback firms 
GBPJPY Coiled in Tight Range: Bullish Bias Holds Above 210 – Buy Dips Targeting 212 Breakout 
FxWirePro:AUD/USD attracts selling interest, could be on verge of a bigger drop 
FxWirePro: GBP/AUD neutral in the near-term, scope for downward resumption 
FxWirePro: EUR/AUD downside pressure builds, key support level in focus 
FxWirePro- Major Pair levels and bias summary 
NZDJPY Outlook: Sell the Rallies as Downtrend Persists Below 91.50 
FxWirePro: GBP/USD drifts lower as greenback firms 
FxWirePro: AUD/USD sustains gains as uptrend remains strong 
FxWirePro- Major Pair levels and bias summary 
NZDJPY Breaks Lower: Bearish Bias Strengthens as Trendline Support Crumbles 
FxWirePro: GBP/NZD sustains gains as uptrend remains strong 
FxWirePro: USD/CAD hovers near key support, looking vulnerable 
FxWirePro: USD/CNY downside pressure builds, key support level In focus 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
 - EconoTimes)
Chart pattern- AB=CD pattern.
EURUSD pared some of its gains after mixed US CPI. It hit a low of 1.10033 and is currently trading around 1.10103.
|
Time (GMT) |
Currency |
Event |
Actual |
Forecast |
Previous |
|
12:30 pm |
US |
CPI y/y |
2.5% |
2.6% |
2.9% |
|
|
|
Core CPI y/y |
3.2% |
3.2% |
3.2% |
|
|
|
CPI m/m |
0.20% |
0.20% |
0 |
|
|
|
Core CPI m//m |
0.30% |
|
0.20% |
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep decreased to 14% from 34% a day ago.
The pair trades below short-term (34 AND 55 EMA) in a 4-hour chart. Major resistance to watch- 1.10231/1.10385/1.10554/1.10667. Bullish continuation only above 1.12050.
Major support- 1.09880,1.09420
It is good to buy on dips around 1.0978-80 with SL around 1.0930 for a TP of 1.1148.
