Daily Pivots: (S1) 1.3652; (P) 1.3678; (R1) 1.3725; More… Intraday bias in USD/CAD is turned neutral first with current recovery. While fall from 1.3897 might still extend further, strong support should be seen from 38.2% Read more…
DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum, suggesting the potential for a bearish reaction off the 1st resistance and a drop towards the 1st support. The 1st support at Read more…
Daily Pivots: (S1) 0.6449; (P) 0.6484; (R1) 0.6547; More… Intraday bias in AUD/USD is turned neutral first with today’s steep retreat. For now, another rise will remain mildly in favor as long as 0.6411 minor Read more…
Australian Dollar is taking a surprising dip today despite RBA’s anticipated decision to raise the cash rate target by 25bps. Investors have taken this opportunity to lock in profits, influenced by the central bank’s softened Read more…
Short Term Elliott Wave in Nasdaq Futures (NQ_F) shows the Index ended wave ((W)) at 14140.25. The Index rallies to correct cycle from 7.19.2023 high in wave ((X)). Internal of wave ((X)) is unfolding as Read more…
The prior four days of the rally have reached an extreme overbought condition. Odds have increased for a minor pull-back scenario reinforced by the latest reading from the 4-hour RSI momentum indicator. Watch the 32,760 Read more…
China’s export figures have taken a sharper downturn than anticipated in October, contracting by -6.4% yoy to USD 274.8B, exceeding market predictions of -3.1% yoy. This downturn marks the sixth consecutive month where China’s exports Read more…
RBA announced an increase in cash rate target by 25 bps to 4.35%, aligning with market anticipations. Accompanying this move, RBA signaled a shift to a neutral policy stance, indicating that “whether further tightening of Read more…
At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.25 per cent. Inflation Read more…
Key Highlights EUR/USD started a recovery wave above the 1.0650 resistance. It broke a key contracting triangle with resistance near 1.0665 on the 4-hour chart. GBP/USD surged above the 1.2300 resistance zone. Ethereum and XRP Read more…