Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede 
FxWirePro: GBP/USD stuck in range but maintains bearish bias 
FxWirePro: EUR/NZD remains under pressure as key support gives way 
FxWirePro: GBP/AUD takes back some lost ground 
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus 
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted 
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/NZD reverses course, bias back to downside 
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire 
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel 
FxWirePro: USD/ZAR continues to recovers , upside pressure builds 
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum 
Chart pattern- AB=CD pattern.
EURUSD pared some of its gains after mixed US CPI. It hits a low of 1.10033 and is currently trading around 1.10238.
|
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.
