Month: April 2022

The US dollar rallied after March’s average hourly wages jumped by 5.6%. The euro came to a halt in the supply zone at the origin of the March sell-off (1.1180). A bearish RSI divergence pointed Read more…

Gold price started a fresh decline from the $1,950 zone against the US Dollar. The price broke the $1,940 support level to enter a short-term bearish zone. The price even declined below $1,925 and the Read more…

Daily Pivots: (S1) 0.7474; (P) 0.7499; (R1) 0.7526; More… Intraday bias in AUD/USD remains neutral for consolidation from 0.7539. Further rally is expected wit h 0.7372 minor support intact. On the upside, decisive break of Read more…

Overall, the financial markets are very quiet in Asian session today. Commodity currencies are trading mildly firmer in very while Swiss Franc and Yen are softer. But major pairs and crosses are stuck inside Friday’s Read more…

Whilst large speculators trimmed both long and short exposure last week, we continue to suspect gold remains in a corrective move. As of Tuesday 29th March 2022: NZD traders had flipped to net-short exposure. Large Read more…

New York Fed President John Williams said in a speech that FOMC communicated “two important message” about the likely future course of monetary policy during March meeting, along with the rate hike. Firstly, it expects Read more…

San Francisco Fed President Mary Daly told FT, the case for 50bps rate hike in May has grown. “The case for 50, barring any negative surprise between now and the next meeting, has grown,” she Read more…

ECB Executive Board member Isabel Schnabel said in a speech over the weekend, “a considerable part of inflation is likely to prove more persistent, however – to an extent that, without monetary policy adjustment, inflation Read more…

With the RBA meeting in play on Tuesday (14:30 AEST), here’s a few variables traders can look at to assess the skew of risk. As always, there’s many moving parts, but could the RBA deliver Read more…

As part of the trading risk assessment framework, and with the first vote only days away traders should consider putting the French presidential elections on the radar and thinking of the distribution of outcomes. While Read more…