The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. The QI CPI figures should confirm that the underlying pulse of inflation in Australia remains weak. Soft wages growth, underpinned by elevated spare capacity in the labour market, means that core inflation will once again print sub-2%pa. But headline inflation is expected to lift to within the RBA’s 2-3%…
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Sideways in the sight
Currency Pair:Eur/Jpy
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 133.80
Trend:downtrend (daily)
Possible trading range:130-138
Signals:The price is still under selling pressure put by a head and shoulders pattern which has been broken to the downside at around 134.64. Another two bearish patterns also put some downward pressure on this pair: dead cross (daily) and a rising wedge (weekly)
Fundamentals:The prospect that the FED is going to rise the interest rates i…
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 133.80
Trend:downtrend (daily)
Possible trading range:130-138
Signals:The price is still under selling pressure put by a head and shoulders pattern which has been broken to the downside at around 134.64. Another two bearish patterns also put some downward pressure on this pair: dead cross (daily) and a rising wedge (weekly)
Fundamentals:The prospect that the FED is going to rise the interest rates i…