Dollar is finding strength amidst an atmosphere of palpable anxiety in the financial markets, stemming from a continuation of the risk-off mood from US into Asian session. This prevailing anxiety in the markets has been Read more…
The RBNZ left the OCR unchanged at 5.5% as expected. The tone of the accompanying statement is somewhat more dovish than expected. The RBNZ left the OCR unchanged at 5.5% as expected. The tone of Read more…
DXY: The DXY chart currently has a bearish overall momentum. There’s a potential scenario of price fluctuating between the 1st resistance and 1st support levels. The 1st support at 106.83 is considered a pullback support, Read more…
Economic storm clouds appear to be gathering on the horizon. With DOW experiencing its most significant drop since March and key Treasury yields touching multi-year highs, whispers of a potential recession are becoming more audible. Read more…
Key Highlights Gold price declined heavily below the $1,900 support. It could start a recovery if it clears the $1,840 resistance on the 4-hour chart. Crude oil prices corrected lower from the $95.00 resistance. The Read more…
Market watchers were in a frenzy after Japanese Yen surged from 150 to the 147 zone against Dollar overnight , fuelling speculation that Japan’s government may have stealthily intervened to push up the struggling currency. Read more…
RBNZ has opted to keep the Official Cash Rate stable at 5.50%, aligning with broad market anticipations. The minutes of the meeting revealed a consensus among committee members that restrictive interest rate environment might be Read more…
The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50% Interest rates are constraining economic activity and reducing inflationary pressure as required. Demand growth in the economy continues to ease. Read more…
GBPAUD reversed from pivotal support level 1.8945 Likely to rise to resistance level 1.9400 GBPAUD currency pair recently reversed up from the pivotal support level 1.8945 (which has been repeatedly reversing the pair from the Read more…
AUDCAD reversed from resistance level 0.8725 Likely to fall to support level 0.8575 AUDCAD currency pair recently reversed down from the pivotal resistance level 0.8725 (which has been repeatedly reversing the pair from the start Read more…