Daily Pivots: (S1) 1.0666; (P) 1.0682; (R1) 1.0710; More… Intraday bias in EUR/USD remains neutral at this point. Strong rebound from current level, followed by break of 1.0767 resistance, should confirm short term bottoming. Intraday Read more…
Bullish tone dissipated last Friday, 15 September ex-post Arm’s IPO spectacularly first-day positive performance as the Nasdaq 100 had a weekly close below the 50-day moving average for the 4th time in the past six Read more…
The Board considered both options but the case for on hold was clearly stronger. The Board is maintaining its options to hike again if inflation surprises to the upside. The Minutes for the September meeting Read more…
EU-China trade tensions are brewing with an EU probe into Chinese EV subsidies. US weapons sale to Taiwan under sovereign-nation program feeds new tensions. China has increased the intensity of military exercises around Taiwan lately. Read more…
RBA’s meeting held on September 5, the minutes revealed that officials weighed two courses for monetary policy: increasing cash rate target by 25 bps or standing pat. After a thorough consideration of the prevailing economic Read more…
Key Highlights GBP/USD declined further and traded below 1.2420. A major bearish trend line is forming with resistance near 1.2440 on the 4-hour chart. Bitcoin price spiked and broke the $27,000 resistance. Crude oil prices Read more…
A cautious start to the week ahead of a bunch of central bank meetings that will likely set the tone for the remainder of the year. There’s every chance that by the end of this Read more…
A cautious start to the week ahead of a bunch of central bank meetings that will likely set the tone for the remainder of the year. There’s every chance that by the end of this Read more…