Market movers today Today’s main event is the Norges Bank meeting. In June, Norges Bank signalled that the policy rate would probably be raised further at the coming week’s meeting. High inflation figures for June Read more…
Daily Pivots: (S1) 0.6400; (P) 0.6440; (R1) 0.6464; More… Intraday bias in AUD/USD remains on the downside at this point, as decline from 0.7156 extends. Next target is 100% projection of 0.7156 to 0.6457 from Read more…
DXY: The DXY chart’s overall momentum is bullish, supported by its position above a significant ascending trend line, hinting at potential further bullish movement. Considering this, there’s a possibility of a short-term decline towards the Read more…
Japan’s exports experienced a dip of -0.3% yoy to JPY 8725B in July. This contraction is noteworthy as it breaks a growth streak that has lasted for over two years since February 2021. Diving deeper Read more…
In a Bloomberg TV interview, RBNZ Governor Adrian Orr indicated that a forthcoming mild recession is the “bare minium” for New Zealand, as “demand has been well outstripping the pace of the supply capacity.” “We Read more…
AUDUSD broke support level 0.6460 Likely to fall to support level 0.6400 AUDUSD currency pair under the bearish pressure after breaking below the key support level 0.6460 (which stopped the previous intermediate impulse wave (1) Read more…
The Japanese yen has resumed its meltdown, falling victim to widening rate differentials and rising energy costs. Despite the currency trading at levels that prompted FX intervention last year, Japanese authorities don’t appear so concerned Read more…
The Japanese yen has resumed its meltdown, falling victim to widening rate differentials and rising energy costs. Despite the currency trading at levels that prompted FX intervention last year, Japanese authorities don’t appear so concerned Read more…
The Japanese yen has resumed its meltdown, falling victim to widening rate differentials and rising energy costs. Despite the currency trading at levels that prompted FX intervention last year, Japanese authorities don’t appear so concerned Read more…