EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
From Inflation to Slowdown
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The final week of the month and the quarter is delivering its share of negative US economic surprise, to the extent of moving growth worries nearer to inflation fears—at least in the eyes of the bond market. Fed officials reiterated how inflation remains the top priority, while attaching the ubiquitous disclaimer on the difficulty of avoiding recession. The 7 charts below encapsulate the broadening pullback in bond yields, inflation expectations and gasoline prices.
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Regarding GBPUSD ;
Is the H&S price target of 1.53 - 1.270 still intact? since it hasn't followed a typical pattern and just retest the neckline but went straight through and is now looking for a rebound off 1.64's??
Thanks!
After the rebound at 80. What do you think the target will be??
You say 79 on the headline but is this a typo as previous support was at 76.5 (going by your chart)??