Month: September 2022

Daily Pivots: (S1) 1.1469; (P) 1.1495; (R1) 1.1547; More… A temporary low was formed at 1.1442 and intraday bias is turned neutral first. Some consolidations would be see but upside should be limited by 1.1899 Read more…

Daily Pivots: (S1) 0.9892; (P) 0.9918; (R1) 0.9958; More… EUR/USD is losing some downside momentum but further fall is still expected as long as 1.0078 resistance holds. Decisive break of 61.8% projection of 1.0773 to Read more…

Daily Pivots: (S1) 1.3122; (P) 1.3148; (R1) 1.3168; More… USD/CAD is staying in consolidation from 1.3207 temporary top and intraday bias remains neutral. Further rise is expected with 1.2971 support intact. On the upside, decisive Read more…

At its monthly meeting this afternoon, the Reserve Bank Board raised its official cash rate as expected by 50bp from 1.85% to 2.35%. In a statement, little changed from August, the RBA again reiterated its Read more…

Market movers today As markets await the ECB meeting on Thursday, energy price developments will remain in focus, after Russia has conditioned a resumption of North Stream 1 gas flows to sanctions relief from the Read more…

Daily Pivots: (S1) 0.6779; (P) 0.6792; (R1) 0.6810; More… Intraday bias in AUD/USD is turned neutral with a temporary low formed at 0.6770. Further decline is expected as long as 0.7008 resistance holds. Break of Read more…

Australian Dollar is trading mixed, slightly to the soft side, after RBA’s expected 50bps rate hike. There is basically no surprise out of the statement. Dollar is paring back some of recent gains while Yen Read more…

RBA raises cash rate target by 50bps to 2.35% as widely expected. The Board “expects to increase interest rates further over the months ahead”, but it’s “not on a pre-set path”. The size and timing Read more…

At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 2.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points Read more…