Month: October 2022

Daily Pivots: (S1) 1.1159; (P) 1.1247; (R1) 1.1408; More… Intraday bias in GBP/USD stays on the upside at this point. Rise from 1.0351 short term bottom is in progress. Further rally would be seen to Read more…

Australian Dollar dips broadly today after RBA delivered a smaller than expected rate hike. But the selloff in Aussie is so relatively limited. New Zealand Dollar follows lower, ahead of tomorrow’s RBNZ rate decision. RBNZ Read more…

New York Fed President John Williams said yesterday, “Clearly, inflation is far too high, and persistently high inflation undermines the ability of our economy to perform at its full potential. Tighter monetary policy has begun to Read more…

BoE MPC member Catherine Mann said yesterday that it’s “premature” to judge the extent of UK Prime Minister Liz Truss’s budget is going to affect “monetary policy trajectory decisions”. “I people don’t have to spend Read more…

RBA raises the cash rate target by only 25bps to 2.60%, smaller than expectation of a 50bps hike. Tightening bias is maintained as the board “expects to increase interest rates further over the period ahead”. Read more…

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points Read more…

OPEC+ meets on Wednesday to determine what should be done about the amount of crude oil that it supplies to the market.  Two weeks ago, the talk seemed to be whether the countries should do Read more…

Key Highlights GBP/USD started an upside correction above the 1.1000 level. It broke a major bearish trend line at 1.1030 on the 4-hours chart. EUR/USD is facing a couple of key hurdles near the 0.9850 Read more…

Short term Elliott Wave view on AUDUSD suggests that cycle from 8.11.2022 high is in progress as a 5 waves impulse structure. Down from 8.11.2022 high, wave 1 ended at 0.6699 and rally in wave Read more…