Daily Pivots: (S1) 0.6253; (P) 0.6333; (R1) 0.6392; More… AUD/USD’s recovery lost momentum and intraday bias is turned neutral again. Stronger rise could still be seen towards 0.6539. And firm break there will target 55 Read more…
After both Boris Johnson and Penny Mordaunt pulled out of the British PM race, Rushi Sunak cried victory on Monday afternoon, and markets cried ‘Ready for Rishi’. The British sovereign bonds posted one of the Read more…
Market movers today In Germany, the IFO survey of business expectations is expected to show further declines mirroring yesterday’s weak PMI report for the manufacturing sector. This supports our view that the German economy is Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Last Friday the Bank Read more…
Daily Pivots: (S1) 1.3617; (P) 1.3696; (R1) 1.3785; More… USD/CAD is still engaging in the consolidation pattern from 1.3976 and intraday bias remains neutral. Deeper retreat might be seen but downside should be contained by Read more…
The Asian markets are generally quiet today, with the expectation in China. The Shanghai SSE reversed earlier losses and surged before the break, with talks of buying by the “national team”. But Yuan’s decline continued Read more…
Offshore Chinese Yuan hit a new record low against Dollar today, recent depreciation continued. That’s second straight session of decline after President Xi Jinping secured a tradition-breaking third consecutive leadership term on Sunday, unveiled a Read more…
RBNZ Chief Economist Paul Conway said annual inflation rate of 7.2% was “obviously too high”. But, he added, “we expect to see inflationary pressures easing going forward” and “are hopeful that it has peaked.” The Read more…
Key Highlights GBP/USD is correcting higher above the 1.1250 resistance. A key contracting triangle is forming with resistance near 1.1380 on the 4-hours chart. EUR/USD is slowly moving higher towards the 1.0000 resistance. Bitcoin price Read more…
When is the Bank of Canada meeting? The Bank of Canada interest rate decision meeting will be held on Wednesday, October 26th, 2022 at 10:00 ET. BOC Governor Macklem will follow with a press conference Read more…