Daily Pivots: (S1) 0.7086; (P) 0.7157; (R1) 0.7196; More… A temporary low is formed at 0.7116 in AUD/USD and intraday bias is turned neutral first. But near term outlook will remain cautiously bearish with 0.7342 Read more…
Yen and Dollar are both staying in the driving seat as risk-off sentiment continues to dominate the markets. Sterling remains the worst performing one, followed by Euro, with selling focus mainly on them. Australian Dollar Read more…
NASDAQ lost -3.95%% overnight and closed at a new 2022 low. The development suggests that whole corrective fall from 16212.22 is resuming. More importantly, a key medium term fibonacci support at 38.2% retracement of 6631.41 Read more…
Australia CPI rose 2.1% qoq in Q1, accelerated from Q3’s 1.3% qoq, above expectation of 1.7% qoq. For the 12-month period, CPI accelerated to 5.1% yoy, up from 3.5% yoy, above expectation of 4.6% yoy. Read more…
DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 102.441 where the 78.6% Fibonacci retracement is to Read more…
Headline CPI 2.1%qtr/5.1%yr; trimmed mean 1.4%qtr/3.7%yr, weighted median 1.0%qtr/3.0%yr. The 1.4% rise in core inflation captures the broad nature of the inflationary pulse with more than 60% of the components in the CPI now running Read more…
This morning’s release of March quarter Australian inflation data smashed already elevated expectations. The stunning beat firms up the chances that the RBA will raise interest rates at its monthly board meeting next week for Read more…
Key Highlights Gold price started a fresh decline and traded below $1,920. It traded below a key bullish trend line with support near $1,955 on the 4-hours chart. EUR/USD extended decline below 1.0700, and GBP/USD Read more…
EURJPY shows a bullish sequence from June 2016 low and May 2020 low. Long term, pair should be supported and continue higher. Short term, however, pair has ended the rally from March 7, 2022 low Read more…
GBP/USD has been moving lower since June 2021 when the pair reached a high of near 1.4250! However, the selloff continued after the last BOE meeting when officials warned that inflation, particularly due to the Read more…