Daily Pivots: (S1) 0.8934; (P) 0.8954; (R1) 0.8978; More… Intraday bias in USD/CHF remains neutral but risk also stays on the downside as long as 0.9146 resistance holds. Below 0.8900 will target 0.8818 and possibly Read more…
ECB Governing Council member Olli Rehn has underscored the significance of core inflation in guiding the bank’s monetary-policy decisions. His comments comes at a time when consumer prices in eurozone are reportedly slowing, but not Read more…
Market picture Crypto market capitalisation rose 0.8% to $1.073 trillion, close to its level of 10 days ago. Bitcoin was a major contributor to the rally, rising 1.6% to $28.8K, while Ethereum gained just 0.4% Read more…
This morning, the Japanese currency weakened to 142.25 yen per US dollar for the first time since November 2022. This is a consequence of the difference in the monetary policies of the two countries. Last Read more…
This morning, the Japanese currency weakened to 142.25 yen per US dollar for the first time since November 2022. This is a consequence of the difference in the monetary policies of the two countries. Last Read more…
Daily Pivots: (S1) 181.20; (P) 181.68; (R1) 182.13; More… GBP/JPY continues to lose upside momentum as seen in 4H MACD, but there is no clear sign of topping yet. Further rally is expected to 138.2% Read more…
EURJPY experienced a huge week after a bullish triangle breakout, appreciating by more than 3.0% to an almost 15-year high of 155.37 in what was the fastest rally in more than a decade. The bulls are Read more…
The Board sees increased inflation risks while recognising prospect of weakening economy. And rising unemployment rate. The Minutes from the Reserve Bank Board’s meeting in June provide a more balanced approach to the outlook for Read more…
Daily Pivots: (S1) 0.6827; (P) 0.6857; (R1) 0.6880; More… Intraday bias in AUD/USD remains neutral as consolidation from 0.6898 continues. Downside of retreat should be contained by 38.2% retracement of 0.6457 to 0.6898 at 0.6730 Read more…
In a speech, RBA Deputy Governor Michele Bullock noted the economy needs to “grow at a below trend pace for a while” to bring demand and supply into better balance. Only that will give “the Read more…