Daily Pivots: (S1) 146.18; (P) 146.34; (R1) 146.65; More… Break of 147.36 resistance indicates resumption of recent rally in USD/JPY. Intraday bias is back on the upside. Current rise from 127.20 should target a test Read more…
Economic data from China and the eurozone sent markets back into sell-off mode. China’s services PMI fell from 54.1 to 51.8, the smallest growth rate since last December. That’s a sharper slowdown than the 53.6 Read more…
Australian dollar was sharply lower on Tuesday (down nearly 1.3% in Asian / European session), after the Reserve Bank of Australia kept interest rates unchanged at 4.1% for the third consecutive month. The RBA argued Read more…
RBA holds rates for third straight time AUD/USD slides 1.3% Australian GDP expected to slow in second quarter The Australian dollar has plunged on Tuesday after the Reserve Bank of Australia held rates at today’s Read more…
Eurozone PPI fell -0.5% mom -7.6% yoy in July, versus expectation of -0.6% mom, -7.6% yoy. For the month, Industrial producer prices decreased by -1.2% mom for intermediate goods and by -0.9% mom in the Read more…
ECB has just released its Consumer Expectations Survey for July 2023, offering an inside look into how consumers are viewing the economic outlook. Most notably, median expectations for inflation over the next year remained static Read more…
The Governor’s decision statement was widely anticipated including maintaining the soft tightening bias. The decision by the Reserve Bank Board to hold the cash rate at 4.1% was seen as a near certainty by most Read more…
Daily Pivots: (S1) 184.21; (P) 184.64; (R1) 185.44; More… GBP/JPY is extending the consolidation pattern from 186.75 and intraday bias remains neutral. On the upside, above 186.04 will argue that larger up trend is ready Read more…
Daily Pivots: (S1) 0.8831; (P) 0.8847; (R1) 0.8860; More…. USD/CHF is staying in consolidation from 0.8874 and intraday bias remains neutral. On the upside, firm break of 0.8874 will resume the rise from 0.8551. Next Read more…
RBA held its cash rate target unchanged at 4.10% in a widely expected move, offering additional time to evaluate impact of previous interest rate hikes and evolving economic outlook. Although the central bank maintained hawkish Read more…