Daily Pivots: (S1) 1.0684; (P) 1.0703; (R1) 1.0731; More… Intraday bias in EUR/USD stays neutral as sideway trading continues. On the downside, break of 1.0634 will resume the corrective decline from 1.1094. Deeper fall should Read more…
Asian stocks crawled higher on Wednesday, following the positive cues from Wall Street overnight after the S&P500 closed at its highest level in 2023. However, markets remain cautious despite hopes for stimulus in China with Read more…
Daily Pivots: (S1) 0.6626; (P) 0.6656; (R1) 0.6701; More… AUD/USD’s rise from 0.6457 is still in progress and intraday bias stays on the upside for 0.6817 key structural resistance. On the downside, though, break of Read more…
Daily Pivots: (S1) 0.6626; (P) 0.6656; (R1) 0.6701; More… AUD/USD’s rise from 0.6457 is still in progress and intraday bias stays on the upside for 0.6817 key structural resistance. On the downside, though, break of Read more…
As BoC meets today, many observers anticipate the bank will maintain its pause, leaving interest rates untouched at 4.50%. However, recent economic developments have injected a dose of doubt into the mix. Market speculation reveals Read more…
Australia’s GDP expanded by 0.2% qoq in Q1, missing expectations of 0.3% qoq growth. This marked the slowest rate of growth since the September 2021 quarter. Head of National Accounts at the Australian Bureau of Read more…
Markets This morning’s hawkish rate hike by the Reserve Bank of Australia was set to be today’s sole highlight. The central bank unexpectedly raised its policy rate for a second meeting running by 25 bps Read more…