Bitcoin stabilized after hitting 33000 and turned sideway. But risk is still staying heavily on the downside with 39636 support turned resistance intact. Current down trend from 68986 could extend with another falling leg, towards Read more…
Gold is now back below 1800 handle as fall from 1853.70 extends. The development further affirms the case that rebound from 1752.32 has completed with three waves up to 1853.70. Deeper decline is expected as Read more…
IMF said in a report that BoJ’s commitment to maintaining prolonged monetary accommodation remains “appropriate”. It expects that a “prolonged period of monetary policy accommodation, flexible fiscal policy, and inclusive growth-oriented reforms will be required Read more…
Key Highlights USD/JPY gained pace after it broke the 114.50 resistance. It traded above a major bearish trend line near 114.20 on the 4-hours chart. EUR/USD declined heavily below the 1.1220 support. GBP/USD extended decline Read more…
PCE inflation data will wrap up a very busy week for the US dollar on Friday. The Fed’s favourite inflation metric will be accompanied by personal income and spending numbers when released at 13:30 GMT. Read more…
The Reserve Bank Board meets next week on February 1. The Governor will be addressing the National Press Club on February 2 and the Bank will release its February Statement on Monetary Policy on February Read more…
The RBA meets next Tuesday, February 1st, for the first time in 2022. Employment and inflation data have beaten expectations by sufficient margin to encourage the bank to take its next shift to further policy Read more…
What happens when you combine a stronger dollar with weaker Gold? Weaker commodity currencies The FOMC statement was mundane to say the least. However, Fed Chairman Powell provided some fireworks in the press conference that Read more…
GBPJPY reversed from support level 153.00 Likely to rise to resistance level 155.00 GBPJPY currency pair recently reversed up from the key support level 153.00 standing near the lower daily Bollinger Band and the 50% Read more…
Gold broke daily up channel Likely to fall to support level 1780.00 Gold continues to fall after the breakout of the support trendline of the daily up channel from the middle of December. The breakout Read more…