Daily Pivots: (S1) 148.33; (P) 148.62; (R1) 148.96; More… Intraday bias in USD/JPY remains neutral with focus on 148.79 resistance. Firm break there will resume the rally from 140.25 to 151.89/93 key resistance zone. For Read more…
Daily Pivots: (S1) 1.3487; (P) 1.3515; (R1) 1.3570; More… Intraday bias in USD/CAD stays neutral for the moment. On the upside, break of 1.3540 will resume the rise from 1.3176. That will also revive that Read more…
The RBA Board held rates steady today, as expected by almost everyone. It is still not ruling out a hike, but nor is it ruling out a cut once it achieves sufficient confidence that inflation Read more…
Short Term Elliott Wave view in Bitcoin (BTCUSD) suggests the rally to 49500 on January 11, 2024 ended wave (3). Pullback in wave (4) is proposed complete at 38503.8 as the 1 hour chart below Read more…
The selloff in US bonds extended to a second day on the back of crowded hawkish comments from Federal Reserve (Fed) members and on the surprising strength for the US economy. The latest ISM data Read more…
In focus today Focus in the euro area is on retail sales for December. Private households are still cautious with spending despite the strong labour market and large savings from the previous years. We expect Read more…
Daily Pivots: (S1) 0.6461; (P) 0.6491; (R1) 0.6513; More… Intraday bias in AUD/USD is turned neutral with current recovery. But further decline is expected as long as 0.6621 resistance holds. Break of 0.6468 will resume Read more…
Australian Dollar recovered mildly today, but momentum is so far limited. While RBA softened the hawkish stances after standing pat on rates, the left is still left open for more tightening. Governor Michele Bullock emphasized Read more…
DXY: The DXY chart currently exhibits a bearish overall momentum, indicating a downward trend. According to the analysis, the price could potentially experience a bearish reaction off the 1st resistance and drop towards the 1st Read more…
RBA maintained cash rate target at 4.35%, aligning with broad market expectations. The hawkish stance has seen a slight moderation, with the acknowledgment that “a further increase in interest rates cannot be ruled out,” hinting Read more…