Daily Pivots: (S1) 0.6333; (P) 0.6356; (R1) 0.6379; More… AUD/USD recovers further today but stays below 0.6444 resistance. Intraday bias remains neutral and downside breakout is expected. On the downside, firm break of 0.6284 will Read more…
Australian Dollar made significant gains in Asian session today following unexpectedly robust inflation figures for Q3 and September. This has caused a flurry of revised predictions from economists who now anticipate a rate hike by Read more…
Short Term view of Bitcoin (BTCUSD) suggests that cycle from 9.11.2023 low is in progress as an impulse Elliott Wave structure. Up from 9.11.2023 low, wave 1 ended at 27493.1 and pullback in wave 2 Read more…
Key Highlights Bitcoin price started a fresh rally after speculation of spot ETF approval. BTC is now consolidating in a contracting triangle with resistance at $34,200 on the 4-hour chart. Gold prices might soon climb Read more…
The RBNZ has had a tough balancing act to manage in recent months. Core inflation pressures –especially those related to domestic prices – remain elevated two years after the start of the interest rate hiking Read more…
Weak PMI readings from the Eurozone, an increase in China’s budget deficit ratio, and renewed inflationary pressures in Australia may trigger a persistent bearish sentiment loop in EUR/AUD. Watch the key short-term resistance at 1.6700 Read more…
BoC rate decision is today’s market highlight, as the consensus veers towards maintaining interest rate at 5.00%. The potential for a rate hike has dwindled, especially after the September CPI data revealed a more rapid Read more…
Australian Dollar experienced a notable surge following the release of higher-than-anticipated consumer inflation figures. The data illustrates an accelerated quarterly inflation rate for Q3, and a more modest deceleration in the annual inflation rate than Read more…
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Australia’s CPI for Q3 registered a 1.2% qoq rise, exceeding expectation of 1.1% qoq and marking an acceleration from the previous quarter’s 0.8% qoq. Notably, some of the most pronounced price hikes were observed in Read more…