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In focus today In the US, the NFIB’s Small Business Optimism index is scheduled for release. Additionally, focus will be on any softening of the Trump administration’s trade policy stance or any verbal intervention from the Fed. In Denmark, we will receive February’s industrial production figures. January saw an 11.9% decline (SA), an unusually large […]

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12/03/2024

February CPI: FOMC Still Searching for Confidence

Summary The February consumer price data came in a touch stronger than expected. The headline CPI increased 0.4% in the month, led by higher gasoline prices (+3.8%). Excluding food and energy prices, core inflation also registered 0.4%. However, the unrounded 0.36% bump in core CPI was not too far off our forecast for a 0.30% […]
02/01/2024

USDCHF Wave Analysis

USDCHF reversed from key support level 0.8400 Likely to rise to resistance level 0.8600 USDCHF currency pair recently reversed up from the key support level 0.84000 (intersecting with the lower weekly Bollinger Band). The support level 0.84000 was further strengthened by the lower support trendline of the weekly down channel from the start of 2023. […]
08/08/2024

Aussie Jumps as RBA Says Rates Could Rise

The Australian dollar has had a busy week and is showing strong gains on Thursday. In the European session, AUD/USD is trading at 0.6550, up 0.50% at the time of writing. RBA’s Bullock says rate hikes still on table Two days after the Reserve Bank of Australia held the cash rate, Governor Bullock reinforced her […]