Daily Pivots: (S1) 1.0803; (P) 1.0827; (R1) 1.0858; More… EUR/USD’s decline from 1.1138 is resuming by breaching 1.0812 and intraday bias is back on the downside. Current fall should target 1.0722 support next. Decisive break Read more…
Dollar declined broadly overnight, US Treasury’s borrowing plan for Q1 that spurred rally in the stock market, propelling it to new record highs while simultaneously exerting downward pressure on yields. Despite this shift, the greenback Read more…
The tone of RBNZ Chief economist Conway’s speech was hawkish and seemed to push back on market expectations for any policy easing in the near term. This morning RBNZ Chief economist Conway gave a speech Read more…
DXY: The DXY (US Dollar Currency Index) chart currently exhibits a neutral overall momentum, indicating a lack of a strong directional bias. Your analysis suggests that the price could potentially fluctuate between the 1st resistance Read more…
Key Highlights Crude oil prices surged above the $76.50 and $77.00 resistance levels. A major bullish trend line is forming with support at $77.00 on the 4-hour chart. Gold prices could gain bullish momentum above Read more…
US stock markets rose strongly overnight, with both DOW and S&P 500 reaching new record highs. This coincided with a mild dip in 10-year yield as bonds rebounded. A key factor influencing this movement was Read more…
Australia retail sales turnover fell -2.7% mom to AUD 35.19B in December, worst than expectation of -1.9% mom. Annually, sales fell -0.8% yoy. Ben Dorber, ABS head of retail statistics, said: “The large fall in Read more…
RBNZ Chief Economist Paul Conway struck a hawkish tone in a speech today, tempering market expectations for imminent policy easing. Conway acknowledged the effectiveness of current monetary policy in slowing the economy and reducing inflation. Read more…
WTI crude oil reversed from resistance level 79.15 Likely to fall to support level 75.00 WTI crude oil recently reversed down from the key resistance level 79.15, which has been reversing the price from November, Read more…
S&P 500 rising strongly Likely to rise to resistance level 5000.00 S&P 500 index rising strongly after the price broke above the resistance level 4800.00 (which stopped the previous impulse waves 1 and i, as Read more…