Cryptocurrencies
AUD/USD Daily Report
Daily Pivots: (S1) 0.6830; (P) 0.6872; (R1) 0.6940; More… Intraday bias in AUD/USD remains on the upside, as rebound from 0.6680 short term bottom is in progress. Next target is 55 day EMA (now at Read more…
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Kiwi and Aussie Jump on Improving Sentiment, Dollar Correction Continues
New Zealand and Australian Dollar trade broadly higher on the back on improving market sentiment. Asia indexes are tracking US stocks higher. On the other hand, Dollar continues to extend its near term correction, in Read more…
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NZD/JPY ready for upside breakout, AUD/JPY to follow
Kiwi and Aussie are both trading broadly higher today, with help from improving market sentiment. Asian stocks are trading higher, following the strong rebound in US indexes overnight. Technically, speaking, NZD/JPY looks ready for an Read more…
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Australia Westpac leading index dropped to 0.40%, economic slowdown ahead
Australia Westpac leading index dropped from 0.56% to 0.40% in June, indicating economic slowdown later in the year, but momentum is still above trend in the near term. Westpac currently expects growth to slow from Read more…
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RBA Lowe: Further increase in rates required over the month ahead
RBA Governor Philip Lowe said in a speech that the robust post-COVID recovery is “now behind us” given that inflation is high and labor market is very tight. RBA thus have withdrawn some emergency insurance Read more…
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Will the Bank of Japan tweak its policy after yen’s freefall?
Investors will have their eyes on the Bank of Japan during Thursday’s policy meeting as the yen keeps melting while the inflation peak is nowhere in sight yet, making everyone wonder how long the central Read more…
Cryptocurrencies
BOJ Preview: Will the BOJ adjust rates at its upcoming meeting?
Will EUR/JPY continue moving higher? The next directional move for the pair could depend of the outcome of these meetings on Thursday! The Bank of Japan meets on Thursday at its July interest rate decision Read more…
Cryptocurrencies
AUDUSD Wave Analysis
AUDUSD broke key resistance level 0.6870 Likely to rise to resistance level 0.6960 AUDUSD currency pair recently broke above the key resistance level 0.6870 (which stopped wave (iv) at the start of this month). The Read more…
Cryptocurrencies
FTSE 100 Wave Analysis
FTSE 100 reversed from support level 7020.00 Likely to rise to resistance level 7357.00 FTSE 100 index recently reversed up from the key support level 7020.00 (which has been reversing the pair from the middle Read more…