Daily Pivots: (S1) 1.2841; (P) 1.2878; (R1) 1.2915; More… Intraday bias in USD/CAD stays on the upside for the moment. Current rise from 1.2401 should target 1.3022 fibonacci level next. Decisive break there will carry Read more…
EUR/USD During yesterday’s trading session, the currency pair did not undergo drastic changes and we witnessed a slight decline, which the bulls limited above the key support level at 1.0481. With a possible predominance of Read more…
Markets Markets yesterday had to cope with multiple, divergent pieces of news both on inflation and growth. Most data still suggested that the former is becoming an ever bigger hurdle for the second. Chinese data Read more…
For the first time since November 2010, the RBA has raised interest rates today, from a record low of 0.1% to 0.35%. The need for the RBA’s ultra-low Covid rate settings has long since passed. Read more…
Daily Pivots: (S1) 0.7027; (P) 0.7055; (R1) 0.7079; More… Intraday bias in AUD/USD is turned neutral first with current recovery. But further decline is expected as long as 0.7228 minor resistance holds. As noted before, Read more…
Australian Dollar rebounds broadly after the larger than expected rate hike by RBA, and takes up New Zealand Dollar too. But there is no clear follow through buying yet. Swiss Franc is currently the weakest Read more…
AUD/NZD rises sharply after the larger than expected rate hike by RBA, and breach a key resistance level at 1.1042 (2020 high). Decisive break of this level would be a significant medium term development and Read more…
RBA raises cash rate target by 25bps to 0.35% today, larger than expectation of 15bps to 0.25%. The interest rate on Exchange Settlement balances is also lifted by 25bps to 0.25%. In the forward guidance, Read more…
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 35 basis points. It also increased the interest rate on Exchange Settlement balances from zero per cent Read more…
Gold dropped notably this week on the back of strong Dollar. Rising treasury yield, with 10-year yield breaching 3% handle for the first time since 2018, also weigh on the precious metals. Gold’s fall from Read more…