Daily Pivots: (S1) 0.8882; (P) 0.8942; (R1) 0.8975; More…. USD/CHF’s fall from 0.9243 continued and finally took out 38.2% retracement of 0.8551 to 0.9243 at 0.8979 decisively. There is no sign of bottoming and intraday Read more…
Swiss Franc continues to dominate as this week’s top-performing currency, as the global financial markets are under influence of mounting geopolitical tensions. Reports suggest that Israel might be preparing for ground operations against Hamas. The Read more…
DXY: The DXY (US Dollar Index) chart currently displays an overall neutral momentum, suggesting a potential scenario for price to fluctuate between the 1st resistance and the 1st support levels. However, the Relative Strength Index Read more…
Key insights from the week that was. In Australia, the October RBA meeting minutes provided a detailed outline of the Board’s considerations for policy. The case to raise rates centred on the outlook for inflation Read more…
Short Term Elliott Wave in NZDUSD shows pair is unfolding as a 5 waves move lower from 2.2.2023 high. Down from 2.2.2023 high, wave 1 ended at 0.6084 and rally in wave 2 ended at Read more…
Key Highlights USD/JPY is consolidating gains above the 149.40 support. A key rising channel is forming with support near 149.20 on the 4-hour chart. Gold prices are showing bullish signs and might rise further toward Read more…
Inflationary momentum in Japan showed signs of easing in September, with all-item CPI decelerating to 3.0% yoy, down from 3.2% yoy in the prior month. Core CPI, which strips out the volatile food prices, also Read more…
New Zealand’s trade balance for September reveals a deficit of NZD -2.3B, driven by a notable fall in goods exports of -18% yoy, bringing the total to NZD 4.9B. The decline in imports was also Read more…
Bestselling author and radio personality Dave Ramsey spends a lot of time encouraging people to take control of their finances. He suggests people interested in seriously managing their money use a method he’s identified that Read more…
Comments from some key Fed officials overnight underscore the central bank’s cautious approach in the face of evolving economic conditions, particularly the rise in treasury yields and persistent inflation. Philadelphia Fed President Patrick Harker asserted, Read more…