Daily Pivots: (S1) 1.2020; (P) 1.2084; (R1) 1.2118; More… Intraday bias in GBP/USD stays neutral for the moment. On the downside, break of 1.2002 minor support will argue that rebound from 1.1759 has completed, after Read more…
Credit: C. Scott Brown / Android Authority Some Google Pixel users are receiving a system update to Android 12 instead of Android 13. This comes right after Google officially released its latest OS version to Read more…
Lack of direction is what investors will be suffering until we see clearer signs of inflation abating. And that will take time, as we must see a couple of encouraging data points to call the Read more…
Market movers today The German ZEW index should give more insights into the severity of the downturn in the euro area. It has proven a good leading indicator in this cycle as PMI’s have tended Read more…
UK payrolled employment increased by 73k, or 0.2% mom, in July. Comparing with the same month a year ago, payrolled employees rose 29.7m, or 2.9% yoy. Claimant count dropped -10.5k, smaller than expectation of -32.9k. Read more…
In the minutes of the August 2 meeting, RBA expects to “take further steps in the process of normalizing monetary conditions over the months ahead”. However, it is “not on a pre-set path.” The path Read more…
Hybrid – 2 August 2022 Members participating Philip Lowe (Governor and Chair), Michele Bullock (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Carol Schwartz AO, Alison Read more…
USD/JPY: On the H4 chart, prices seem to have pulled back a little but the overall trend is still bearish biased. Price is moving toward the intermediate resistance at 133.908 which is the 50% Fibonacci Read more…
Key Highlights GBP/USD started a downside correction from the 1.2280 zone. It traded below a key bullish trend line with support near 1.2110 on the 4-hours chart. EUR/USD started a downside correction after it failed Read more…
At its meeting tomorrow, the Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by 50 basis points taking the cash rate to 3%. It will be the RBNZ’s fourth Read more…