China Caixin PMI Services rose from 41.4 to 54.5 in June, above expectation of 49.0. That’s the highest level since July 2021, signaling strongest upturn in business activity for 11 months. There were renewed increase Read more…
New Zealand NZIER Business Confidence dropped from -40 to -65 in Q2. A net 65% of firms surveyed expected general business conditions to deteriorate. That’s the weakest level since Q1 2020. NZIER said: “For the Read more…
At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points Read more…
DXY: On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices to 1st resistance at 105.794 where Read more…
Short term Elliott Wave view in Dollar Index suggests rally to 105.78 ended wave (1). Wave (2) pullback ended at 103.41 with subdivision as a zigzag Elliott Wave structure. Down from wave (1), wave A Read more…
The Fed’s aggressive rate hikes to fight inflation has caused deterioration in economic outlook. Atlanta Fed’s GDP gauge now sees the second quarter running at – 2.1%. With the first quarter’s decline of 1.6%, this Read more…
In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURNZD published in members area of the website. As our members knew, we’ve been favoring the long side Read more…
EURAUD reversed from resistance level 1.5315 Likely to fall to support level 1.5070 EURAUD recently reversed down from the key resistance level 1.5315 (which has been repeatedly reversing the pair from the start of March). Read more…
GBPAUD reversed from strong resistance level 1.7790 Likely to test support level 1.7570 GBPAUD recently reversed down from the strong resistance level 1.7790 (former strong support from the start of March) , located near the Read more…