Daily Pivots: (S1) 0.6355; (P) 0.6374; (R1) 0.6395; More… Intraday bias in AUD/USD is turned neutral first with current recovery. Some consolidations could be seen above 0.6337 temporary low. But deeper decline is expected as Read more…
The financial markets are intently focused on the upcoming US CPI report, a key indicator that could influence Fed’s next steps. Expectations are leaning towards further slowdown in headline inflation to 3.3%, while core inflation Read more…
Key Highlights Gold prices started a downside correction from the $2,010 zone. A major declining channel is forming with resistance near $1,945 on the 4-hour chart. Crude oil prices are attempting a recovery wave from Read more…
Silver (XAGUSD) cycle from 10.3.2023 low is in progress as an impulse. Up from 10.3.2023 low, wave (1) ended at 23.69 and pullback in wave (2) is proposed complete at 21.86. Down from wave (1), Read more…
As Japanese Yen continues to hover near multi-decade lows against Dollar after yesterday’s selloff, Japan’s Finance Minister Shunichi Suzuki reiterated the government’s commitment to addressing the currency’s movements. In his latest remarks, Suzuki avoided any Read more…
In Australia, NAB reported a dip in Business Confidence for October, falling from 0 to -2. However, Business Conditions saw a slight improvement, rising from 12 to 13. Notably, trading conditions increased from 18 to Read more…
Australia’s Westpac Consumer Sentiment Index saw a significant decline in November, dropping by -2.6% mom to 79.9, reflecting a deepening pessimism among consumers. Westpac attributed this drop to the recent RBA rate hike, noting a Read more…
Dow Jones index broke resistance level 34085.00 Likely to rise to resistance level 35000.00. Dow Jones index recently broke the key resistance level 34085.00 (top of the previous minor correction iv from the middle of Read more…
AUDJPY reversed up from key support level 96.00 Likely to rise to resistance level 35000.00 AUDJPY currency pair recently reversed up from key support level 96.00 (former strong resistance from September) coinciding with the 38.2% Read more…
Not every theft is equal. Someone stealing food to feed their family may be committing a crime, but they’re doing so for a reason that many can relate. A person stealing simply because they want Read more…