Daily Pivots: (S1) 172.21; (P) 172.57; (R1) 173.00; More… Intraday bias in EUR/JPY remains neutral at this point. Corrective fall from 175.41 could still extend lower. But downside should be contained by 170.87 and bring Read more…
Daily Pivots: (S1) 1.6129; (P) 1.6164; (R1) 1.6219; More… EUR/AUD is staying below 1.6211 support turned resistance despite current strong rebound. Intraday bias remains neutral and further decline is still in favor. On the downside, Read more…
Daily Pivots: (S1) 0.9732; (P) 0.9751; (R1) 0.9760; More…. Intraday bias in EUR/CHF is turned neutral first as it’s losing upside momentum as seen in 4H MACD. Further rise would remain in favor as long Read more…
Platinum (PL) is still looking to resume the next bullish cycle. The metal still needs to break above 1348.2 to confirm that the next leg higher has started. Below we updated the Monthly and Daily Read more…
Gold (XAUUSD) has made a new all-time high which confirms the right side remains bullish in the near future. Cycle from 6.7.2024 low is currently in progress as a 5 waves impulse. Up from 6.7.2024 Read more…
Today’s CPI showed some welcome reduction in headline inflation. Services sector inflation is easing only gradually. Recent activity data has suggested recessionary conditions for a few months now. The RBNZ indicated an openness to tempering Read more…
Australia’s Westpac leading index saw a slight improvement, rising from -0.28% to -0.13% in June. Despite this uptick, economic activity is expected to remain below trend until early 2025. Westpac said while growth is expected Read more…
New Zealand’s CPI for Q2 rose by 0.4% qoq, down from previous quarter’s 0.6% qoq and missing the expected 0.5% qoq. Tradeable inflation, which includes goods and services that are subject to international competition, fell Read more…
IMF chief economist Pierre-Olivier Gourinchas stated in a Reuters interview that Fed can afford to “wait a little bit” before lowering interest rates. He expected that one Fed rate cut is likely this year but Read more…
Key Highlights Bitcoin price rallied above the $62,000 and $64,500 resistance levels. BTC is trading above a key bullish trend line with support at $61,550 on the 4-hour chart. Gold bulls are eyeing more upsides Read more…