Daily Pivots: (S1) 0.6336; (P) 0.6390; (R1) 0.6419; More… AUD/USD’s breach of 0.6330 support indicates resumption of recent down trend. Intraday bias is back on the downside. Current fall from 0.7156 should target 100% projection Read more…
Australian Dollar is facing heavy downward pressure, emerging as the most underperforming currency this week so far. The weak under tone is maintained following RBA’s decision to hold interest rates steady. Both Aussie and Kiwi Read more…
Key Highlights GBP/USD is accelerating lower below the 1.2120 level. A major bearish trend line is forming with resistance near 1.2170 on the 4-hour chart. EUR/USD is also moving lower below the 1.0500 level. The Read more…
In what was Michelle Bullock’s inaugural meeting as Governor, RBA opted to maintain its cash rate target at 4.10%, aligning with broad market expectations. The central bank’s statement carried a hawkish tone, noting that “some Read more…
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have Read more…
NZIER Quarterly Survey of Business Opinion reveals a modest improvement in business confidence for the September quarter, climbing to -52.7 from its previous position at -60.3. However, it’s evident that overall sentiment within the business Read more…
Cleveland Fed President Loretta Mester acknowledged in a speech yesterday the robust state of the economy with a cautious stance on inflation and interest rates. She signaled the possibility of another rate hike this year. Read more…
Fed Vice Chair Michael Barr advocated for a cautious approach to monetary policy adjustments during his speech yesterday. While discussions surrounding interest rate hikes are paramount, Barr’s concern is primarily anchored on the duration for Read more…
The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. Ahead of Amazon’s October Prime Day—aka Prime Big Deal Days—the Read more…
Many potential home buyers have been patiently watching both the market and interest rates, waiting for the right time to buy. Bestselling author and personal finance personality Dave Ramsey has some words on the subject. Read more…