- The greenback is muted after hitting a fresh nine-month high overnight. Sterling and the Euro keep suffering, with sterling falling for the sixth consecutive day against the US Dollar and the Euro, for the fifth consecutive day.
- The US is due for a shutdown on the 1st of October despite some progress late Tuesday in the House and Senate on rival spending bills.
- USD/JPY remains above 149.00, aiming towards the 150.00 psychological level. Some support can be found around 145.90, 11th of September low.
- AUS/USD is trading lower this morning, under 0.64, after Australia’s monthly inflation report accelerated, reflecting the increase in oil prices, leaving the door open for more intervention by the Reserve Bank of Australia. First support seen at 0.6350 and a first resistance level at 0.6520.
- EUR/USD trades mid 1.05-1.06, around 1.0560, being the most oversold in a year. First support seen at 1.05 and first resistance at 1.0710.ECB’s Governing Council member Robert Holzmann stated that It’s not clear yet whether the European Central Banks is done hiking interest rates, with persistent inflation it is hard to say that borrowing costs have peaked.
- GBP/USD sits right at 1.2150, lower 0.04% on the day. First support is at 1.2090 and first resistance at 1.2350, which feels like a long way from where we are now.
- Very little data is out today, but we will be looking out for Germany and France consumer confidence.
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