Daily Pivots: (S1) 1.2687; (P) 1.2707; (R1) 1.2725; More… Intraday bias in GBP/USD remains on the upside for the moment. Firm break of 1.2708 resistance will extend the rise from 1.2298 to 100% projection of Read more…
Daily Pivots: (S1) 0.9087; (P) 0.9098; (R1) 0.9118; More…. Intraday bias in USD/CHF is mildly on the upside with breach of 0.9101 resistance. Corrective fall from 0.9223 might have completed with three waves down to Read more…
Daily Pivots: (S1) 155.75; (P) 156.03; (R1) 156.56; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 Read more…
Daily Pivots: (S1) 0.6650; (P) 0.6679; (R1) 0.6697; More… AUD/USD dips mildly today as consolidation from 0.6713 continues. Intraday bias stays neutral for the moment. Further rally is expected as long as 0.6578 support holds. Read more…
Australian Dollar weakened broadly during Asian session as its recent rally lost momentum. Despite RBA minutes revealing that a rate hike was considered earlier this month, which should have been supportive for the Aussie, this Read more…
RBA minutes from May 7 meeting reveal that a rate hike was considered but ultimately, the decision was made to hold cash rate target steady at 4.35%. The board emphasized that recent data indicated that Read more…
Sydney – 6 and 7 May 2024 Members present Michele Bullock (Governor and Chair), Andrew Hauser (Deputy Governor), Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Iain Ross AO, Elana Rubin AM, Carol Schwartz Read more…
Australia Westpac Consumer Sentiment index fell by -0.3% mom to 82.2 in May. Westpac highlighted that the primary takeaways from the May survey are “no let-up in the weak consumer environment” and the cautious mindset Read more…
Fed Governor Philip Jefferson issued a cautious message in a speech last night, stating that while April’s inflation data was “encouraging,” it remains “too early to tell” if the recent slowdown in disinflation will be Read more…
Key Highlights Bitcoin price climbed higher steadily higher above the $67,500 and $70,000 resistance levels. BTC is trading well above a key bullish trend line with support near $63,850 on the 4-hour chart. Crude oil Read more…