Month: September 2023

AUDUSD hit a fresh 10-month bottom of 0.6356 last week Regained some ground but clearly not out of the woods yet Momentum indicators suggest that the rebound could strengthen AUDUSD had been in an aggressive decline Read more…

EURUSD continues to hover around the 1.0720-1.0727 area Short-term bearish trend remains firmly in place But the stochastic oscillator could open the door to a bullish move EURUSD continues to hover around the 1.0720-1.0727 area Read more…

Markets August US CPI inflation data didn’t alter flagged Fed plans to keep policy rates stable at next week’s FOMC meeting. They nevertheless suggest a hawkish bias for November/December meetings as headline inflation rose at Read more…

Daily Pivots: (S1) 0.9576; (P) 0.9585; (R1) 0.9599; More… EUR/CHF is still bounded in range below 0.9601 resistance and intraday bias stays neutral for the moment. Outlook stays bearish with 0.9601 resistance intact. On the Read more…

As the global financial market eagerly anticipates today’s pivotal ECB rate decision, the pendulum of market expectations has been swinging vigorously, making it the most uncertain ECB meeting in recent times. Initial market sentiment leaned Read more…

DXY: The DXY (US Dollar Index) chart currently reflects a neutral overall momentum, indicating a lack of a clear bullish or bearish bias. There’s a potential scenario where the price may oscillate within a range, Read more…

Australia’s job market demonstrated strength in August as employment numbers surged by 64.9k, a 0.5% mom increase, substantially eclipsing expectation of 24.3k. Dissecting this growth reveals a modest increment in full-time jobs, which saw rise Read more…

Australia’s job market demonstrated strength in August as employment numbers surged by 64.9k, a 0.5% mom increase, substantially eclipsing expectation of 24.3k. Dissecting this growth reveals a modest increment in full-time jobs, which saw rise Read more…