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NEWS | 18 minutes ago According to Eurostat’s final reading of Eurozone CPI report, the consumer prices came in at 2% on a yearly basis, matching the flash estimate. While the core figures ticked lower to 0.9% versus the first readout of 1%. On a monthly basis, the bloc’s CPI figure for June eased to 0.1% versus 0.5% previous […]
NEWS | 11 minutes ago UK headline/core CPI fall short of expectations and prompt some fresh GBP selling. • Risk-on mood weighs on JPY’s safe-haven demand and helps limit further downside. The GBP/JPY cross continued losing ground for the third consecutive session on Wednesday and dropped to one-week lows on softer UK consumer inflation figures. The cross extended this […]
NEWS | 9 minutes ago The bearish divergence of the hourly stochastic indicates the USD/JPY could be in for a minor pullback and a much awaited break above 113.30 (200-week MA) could remain elusive. Further, the daily relative strength index (RSI) is also reporting overbought conditions. Hourly chart Spot Rate: 112.93 Daily High: 113.08 Daily Low: 112.85 Trend: […]