UK Inflation Expected to Jump to 2.2%

Summary United States: Inflation Redux The descent in inflation remains slow-going. Stubborn services prices lifted the Consumer Price Index 2.6% annually in October, the first acceleration in this measure since Q1. Sticky inflation does not appear to be fazing consumers, who are heading into the holiday season with solid spending momentum. However, slower progress on […]

USDJPY trades at its highest level since April 1990 Momentum indicators flag extremely overbought conditions For now, Japanese authorities seem reluctant to intervene USDJPY has been in a steady uptrend after finding its feet near the 200-day simple moving average (SMA) in early March. On Thursday, the pair posted a fresh 34-year peak, extending its rally within […]

Key Highlights EUR/USD rallied above the 1.0820 resistance zone. A key bullish trend line is forming with support at 1.0850 on the 4-hour chart. GBP/USD gained bullish momentum and almost tested the 1.3000 resistance. Gold prices are now consolidating near the $2,400 zone. EUR/USD Technical Analysis The Euro started a steady increase above the 1.0800 […]