At its monthly meeting this afternoon, the Reserve Bank Board as widely expected raised its official cash rate for a third consecutive time by 50bp from 1.35% to 1.85%. However, following the release of a Read more…
The Reserve Bank Board today lifted the cash rate by a further 50 basis points. The Bank has increased its inflation forecasts and lowered its growth forecasts. A significant theme is around the current momentum Read more…
The Australian dollar has declined sharply and is back below the symbolic 0.7000 level. AUD/USD is trading at 0.6931, down 1.35% on the day. RBA raises rates by 50bp The Reserve Bank of Australia raised Read more…
EUR/USD The single European currency continued its twenty-day consolidation in the range between 1.0110 and 1.0270. During yesterday’s trading session, we saw a failed attempt to breach the upper border of the mentioned range by Read more…
The Dax 40 finds support from strong earnings in Q2. A bullish MA cross on the daily chart indicates improvement in the market mood after the bulls cleared resistance around 13350. 13650 at the origin Read more…
Silver rallies as risk appetite favours commodity markets. A break above the last leg of sell-off at 19.40 triggered momentum buying. This is a sign of a massive exodus from heavy selling. A close above Read more…
Daily Pivots: (S1) 134.56; (P) 135.46; (R1) 135.91; More…. EUR/JPY’s decline continues today and it’s now pressing 134.11 key support turned resistance. Strong support could be seen from current level to complete the pattern from Read more…
Daily Pivots: (S1) 160.72; (P) 161.61; (R1) 162.17; More… GBP/JPY’s fall continues today and breaks through 160.37 support. Intraday bias stays on the downside. Deeper decline would be seen to 162.67 support next. On the Read more…
Daily Pivots: (S1) 0.8351; (P) 0.8376; (R1) 0.8396; More… EUR/GBP is staying in consolidation above 0.8344 and intraday bias remains neutral first. While stronger recovery cannot be ruled out, further decline is expected as long Read more…
Daily Pivots: (S1) 1.4532; (P) 1.4598; (R1) 1.4665; More… Intraday bias in EUR/AUD remains mildly on the upside as recovery from 1.4508 extends. Upside should be limited below 1.4910 resistance to bring fall resumption. On Read more…