DXY: For DXY, the current momentum on the chart is assessed as bullish, with several factors contributing to this outlook. One notable factor is that the price is currently positioned above a major ascending trend Read more…
Short Term Elliott Wave View in Nasdaq (NQ) suggests that rally from 1.5.2024 low ended at 18121.5 as wave ((i)). Internal subdivision of the rally unfolded as a 5 waves impulse. Up from 1.5.2024 low, Read more…
Key Highlights GBP/USD is attempting a recovery wave from the 1.2530 zone. A key bearish trend line is forming with resistance near 1.2630 on the 4-hour chart. Gold is facing resistance near the $2,020 zone. Read more…
In an effort to revitalize its beleaguered property sector and inject vitality into the broader national economy, China has taken larger than expected action by reducing a crucial reference rate for mortgage loans. PBoC announced Read more…
RBA minutes from the February 5-6 meeting revealed that the Board considered both an 25bps rate hike and maintaining the current rate. The choice to hold rates was influenced by a perceived reduction in the Read more…
Sydney – 5 and 6 February 2024 Members present Michele Bullock (Governor and Chair), Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Iain Ross AO, Elana Rubin AM, Carol Schwartz AO, Alison Watkins AM Read more…
BoE maintains more hawkish stance than Fed, ECB Despite recession in H2 2023, rate cut bets were not altered January data suggests the economy may have turned a corner With general elections looming, what’s next Read more…
Last Tuesday, the Australian dollar experienced its steepest drop of the year, falling by 1.18%, following higher-than-expected US inflation figures, which boosted the US dollar. However, the Aussie has since rebounded and is now trading Read more…
NZDJPY reversed from support level 91.00 Likely to rise to resistance level 93.00 NZDJPY currency pair recently reversed up from the support level 91.00 (former resistance which has been reversing the price from November). The Read more…
GBPAUD reversed from resistance level 1.9400 Likely to fall to support level 1.9200 GBPAUD currency pair recently reversed down from the resistance level 1.9400 (which has been repeatedly reversing the pair from the middle of Read more…