Daily Pivots: (S1) 0.9004; (P) 0.9024; (R1) 0.9060; More…. Intraday bias in USD/CHF remains on the upside at this point. Current rally from 0.8332 should target 100% projection projection of 0.8550 to 0.8884 from 0.8728 Read more…
Daily Pivots: (S1) 151.13; (P) 151.35; (R1) 151.64; More… Intraday bias in USD/JPY is back on the upside with breach of 151.85 temporary top. Decisive break of 151.93 key resistance will confirm long term up Read more…
Japanese Yen breached its recent low against the broadly strong Dollar in Asian session today, but the selloff halted just before reaching 152 mark. The momentum of Yen’s decline appears to be cushioned by Japan’s Read more…
The Government’s first Budget Policy Statement confirms that Budget 2024 will unveil a markedly weaker fiscal outlook and a further increase in the government’s borrowing requirement. Today the new coalition Government released its first Budget Read more…
Government rebates continue to hold down inflation while personal services inflation did pick up. The Monthly CPI Indicator gained 3.4% in the year to February compared to 3.4%yr in both January and December. The February Read more…
Short Term Elliott Wave view in Nikkei (NKD) suggests pullback to 38136 on 3.12.204 low ended wave 4. Index then turns higher in wave 5. The rally from 3.12.2024 low is in progress as a Read more…
New Zealand government has made significant revisions to its economic forecasts, projecting a notably subdued GDP growth of just 0.1% for this fiscal year, as revealed in its latest budget statement. Additionally, inflation outlook for Read more…
BoJ board member Naoki Tamura said that Japan’s moderate economy recovery path is expected to continue, positive cycle of wage increases leading to higher inflation rates. “The risk of our medium- and long-term forecasts being Read more…
Key Highlights Gold rallied above the $2,150 and $2,170 resistance levels. A key contracting triangle is forming with support at $2,160 on the 4-hour chart. EUR/USD struggled to continue higher above the 1.0865 resistance. Bitcoin Read more…
Australia monthly CPI was unchanged at 3.4% yoy in February. When stripping out volatile items and holiday travel, the CPI saw a slight deceleration, moving from 4.1% yoy to 3.8% yoy. However, a closer look Read more…