Daily Pivots: (S1) 1.4812; (P) 1.4877; (R1) 1.4914; More… Intraday bias in EUR/AUD stays neutral at this point. Further decline is in favor with 1.5043 minor resistance intact. Break of 1.4759 support should confirm that Read more…
Daily Pivots: (S1) 0.8423; (P) 0.8453; (R1) 0.8474; More… EUR/GBP’s decline is continuing today and intraday bias remains on the downside. Rebound from 0.8201 should have completed at 0.8720, after rejection by 0.8697 medium term Read more…
Sterling is in recovery today, and it’s supported by better than expected monthly GDP data. Yen is currently the softer one. But overall trading is quiet in the currency markets. RBNZ’s rate hike doesn’t give Read more…
UK GDP grew 0.5% mom in May, much better than expectation of 0.0%. Services rose 0.4% mom. Production rose 0.9% mom. Construction also rose 1.5% mom. Monthly GDP is estimated to be 1.7% above its Read more…
The Reserve Bank increased the OCR by another 50 basis points to 2.50% as widely expected. The RBNZ endorsed the OCR path that it projected in its May Monetary Policy Statement, and repeated much of Read more…
Market mood is sourish, appetite is limited. Major US indices fell for a second session on Tuesday, as recession talks, rising Covid cases in the US and Europe, and prospects of renewed lockdown measures in Read more…
It may not be monster surf breaks in Hawaii or Uluwatu in Bali, but today is shaping up to be a stormy day for markets, with plenty of chances to get dumped and held under Read more…
The Reserve Bank of New Zealand has today raised the Official Cash Rate by 50 basis points to 2.50%. It is the RBNZ’s third straight 50bp hike in a row, in a tightening cycle that Read more…
DXY: On the H4, with prices moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that prices will drop and rise from 1st support at 105.794 where the pullback Read more…
RBNZ raised Official Cash Rate by 50bps to 2.50% as widely expected. The central bank also indicated that it will follow the projected path to raise interest to nearing 3.5% by the end of 2022, Read more…