Forex

In a previous article we suggested that the US 10-year real rate was topping out and had charted a head and shoulders top. This pattern is still evident but is yet to breakdown. Rather the real yield has found support near the 2.09% (green horizontal arrow). In fact, the real yield has bounced slightly since hitting support and is now trading near 2.20%. FXCM’s USDOLLAR has continued to chart a…

The pair rises as the UK PM touts the pledge of almost £30 bln in foreign investment following the “Autumn Statement for Growth”, which also strengthens prospects for a prolonged restrictive stance by the BoE

In a somewhat mixed and holiday-thinned week, the pair faces difficulties after today’s CPI data from Japan showed persistently elevated inflation, keeping pressure on the BoJ for policy normalization

The pair jumped earlier in the week due to the cool US CPI report and despite some consolidation it does not appear bothered by the substantial progress on inflation in Eurozone as shown by today’s data

The US 10-year real yield is charting a potential reversal pattern in its daily time frame – a head and shoulders top. The pattern has a downwards bias to it, as evident by the downwards sloping neckline (red trendline). The head and shoulders pattern will complete if the real yield breaks down below the neckline. The right shoulder was heavily influenced by the lower than anticipated CPI print on Tuesday,…

The pair surged earlier in the week to due to the soft US inflation report, but eases today despite strong wage and employment data from Australia

The pair posted its best day of the year on Tuesday on cool US inflation data, but faces headwinds today as the UK report also showed a significant deceleration

The pair found renewed vigor last week as Fed Chair Powell firmed up his rhetoric and now eyes levels not seen since 1990, with Tuesday’s US CPI inflation looming

GBP/USD slumped on Thursday as Fed Chair Powell firmed up his rhetoric and heads towards a losing week, but steadies today as the UK economy avoids a Q3 contraction according to preliminary data

The pair drops after its best week of the year, as the first hike since June by the Australian central bank was accompanied by a softer messaging around future moves