Daily Pivots: (S1) 1.2622; (P) 1.2661; (R1) 1.2690; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, firm break of 1.2702 resistance will argue that pull back from 1.2859 has Read more…
Daily Pivots: (S1) 160.90; (P) 161.31; (R1) 161.89; More… Intraday bias in USD/JPY remains on the upside at this point. Current up trend should target 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. Read more…
The week started on a positive note but the positive vibes will likely leave their place to the chatter of scenarios regarding how the French will prevent Marine Le Pen from gaining a majority in Read more…
The RBA’s strategy relies on assessing gaps between supply and demand. There are uncertainties involved in this approach, but so far, the inflation outlook hasn’t changed enough to spur a rate increase. The minutes for Read more…
Daily Pivots: (S1) 0.8986; (P) 0.9016; (R1) 0.9057; More… Intraday bias in USD/CHF remains on the upside for the moment. Fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Sustained trading Read more…
Dollar surged across the board overnight and stayed firm in Asian session, fueled by the strong rally in benchmark US Treasury yields. This rally is partly attributed to rising expectations of a Donald Trump victory Read more…
Minutes of RBA’s June meeting emphasize the need to remain “vigilant to upside risks to inflation”. The RBA noted that the information received since the previous meeting reinforced this need, underscoring the “extent of uncertainty” Read more…
Hybrid – 17 and 18 June 2024 Members participating 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…
The NZIER Quarterly Survey of Business Opinion for Q2 reveals increasing pessimism among New Zealand firms. A net 44% of firms are now pessimistic about the economy’s outlook over the next six months, up from Read more…
Business activity measures remained weak in June, while the inflation gauges are steadily heading in the right direction. Key results (seasonally adjusted): General business confidence: -35.4 (Previous: -24.9) Trading activity, past three months: -27.8 (Previous: Read more…