Daily Pivots: (S1) 147.16; (P) 147.54; (R1) 147.99; More… Intraday bias in USD/JPY stays neutral at this point as consolidation from 148.79 is still extending. With 145.97 resistance turned support intact, further rally is in Read more…
Daily Pivots: (S1) 1.3381; (P) 1.3413; (R1) 1.3431; More… Intraday bias in USD/CAD stays mildly on the downside and deeper fall could be seen to 1.3342 support. Firm break there will argue that rebound from Read more…
Daily Pivots: (S1) 0.6577; (P) 0.6601; (R1) 0.6626; More… AUD/USD dips notably today but still stays in range of 0.6524/6639. Intraday bias remains neutral and further fall is still expected. On the downside, firm break Read more…
Australian Dollar encountered significant headwinds in today’s Asian session, weighed down by the latest Australian Q4 CPI data. The lower than expected inflation confirmed that RBA would hold interest rate unchanged in the forthcoming meeting Read more…
The data flow since November has pointed in this direction, and today’s CPI release seals the deal: the RBA will keep the cash rate on hold next week, and it is unlikely to raise rates Read more…
DXY: The analysis of the DXY (US Dollar Index) chart suggests a neutral overall momentum, indicating a lack of a clear trend direction at the moment. Given this neutral stance, there is a potential scenario Read more…
China’s manufacturing sector remained in contraction for the fourth consecutive month, with NBS PMI Manufacturing index marginally rising from 49.0 to 49.3 in January, slightly below the expected 49.3. The continued manufacturing contraction is evident Read more…
Australia’s inflation data for Q4 show notable easing in price pressures. CPI rose by 0.6% qoq, a considerable slowdown from the previous quarter’s 1.2% qoq and below expectation 0.8% qoq. This marks the smallest quarterly Read more…
New Zealand ANZ Business Confidence rose from 33.2 to 36.6 in January. However, Own Activity Outlook fell from 29.3 to 25.6. In a significant development, inflation expectations decreased from 4.61% to 4.28%, reaching their lowest Read more…
For a while on Tuesday, it looked as though Tesla (TSLA) – Get Free Report and its boss Elon Musk might have seen the worst after a disastrous earnings call. Maybe not. The shares had bottomed Read more…