Rates unchanged as expected, as Board balances near-term inflation risks with desire to avoid recession. As expected, the RBA Board left the cash rate target unchanged at 4.35% following its May meeting but strengthened its Read more…
Today’s RBA monetary policy decision statement has kept the possibility of a rate hike before 2024 ends “alive”. The narrowing of the discount between Australia-New Zealand sovereign bonds yield spread has supported the potential continuation Read more…
On Monday, the UK observed a bank holiday for May Day, and on Tuesday, the stock market demonstrated accumulated optimism. The FTSE index (UK100) today surpassed the 8300 mark. Additionally: → The opening occurred with Read more…
Daily Pivots: (S1) 192.11; (P) 192.89; (R1) 194.11; More.. Intraday bias in GBP/JPY remains neutral at this point. On the upside, sustained break of 55 4H EMA (now at 193.86) will bring stronger rebound back Read more…
Daily Pivots: (S1) 164.81; (P) 165.40; (R1) 166.34; More… Intraday bias in EUR/JPY stays neutral at this point. On the upside, firm break of 55 4H EMA (now at 166.084) will bring stronger rebound towards Read more…
Daily Pivots: (S1) 0.8559; (P) 0.8571; (R1) 0.8584; More… Intraday bias in EUR/GBP stays neutral at this point. Focus remains on 0.8582 resistance. Further decline is expected as long as 0.8582 resistance holds. Below 0.8529 Read more…
Daily Pivots: (S1) 0.9740; (P) 0.9753; (R1) 0.9773; More… Intraday bias in EUR/CHF is turned neutral with current recovery. Outlook is unchanged that fall from 0.9835 is seen as the third leg of the corrective Read more…
Markets Markets yesterday staged some follow-through price action on Friday’s post-payrolls/ISM easing, but the move gradually slowed in US dealings. Fed governors Williams and Barkin confirmed last week’s view of Chair Powell that the next Read more…
The week started on a positive note for the global equities which continue to surf on the optimism that the Federal Reserve’s (Fed) next move won’t be a rate hike, which I think is overdone Read more…
In focus today Today is a quiet day on the data front. In the euro area, focus is on March retail sales and German factory orders. Consumers are still cautious with spending amid low unemployment Read more…