It’s been two weeks since I left, and in that time, the markets plunged into chaos. Now that I’m back, things have finally returned to calm waters. Quick thoughts on the August meltdown The fact Read more…
Daily Pivots: (S1) 0.6596; (P) 0.6617; (R1) 0.6655; More… A temporary top should be in place at 0.6642 in AUD/USD with the current retreat and intraday bias is turned neutral for some consolidations. Further rally Read more…
Australian Dollar strengthened during Asian session today, buoyed by stronger-than-expected employment growth data. This positive surprise offered some support to Aussie, though gains were limited, failing to push the currency above yesterday’s high. The labor Read more…
Summary The Reserve Bank of New Zealand (RBNZ) kicked off its rate cut cycle at this week’s meeting, lowering its policy interest rate by 25 bps to 5.25%. The decision was a mild surprise, with Read more…
China’s economic data for July revealed a mixed picture, with industrial production growth continuing to decelerate while retail sales showed unexpected strength. Industrial production rose by 5.1% yoy, down from 5.3% in June and missing Read more…
Australia’s labor market showed robust growth in July, with employment rising by 58.2k, significantly surpassing expectations of 26.5k. This increase was driven by a strong gain in full-time employment, which rose by 60.5k, while part-time Read more…
Japan’s economy showed stronger-than-expected growth in Q2, with real GDP rising by 0.8% qoq, surpassing the anticipated 0.6% qoq increase. On an annualized basis, GDP surged by 3.1%, well above the expected 2.1%. This marks Read more…
RBNZ Governor Adrian Orr outlined the central bank’s approach to its recent monetary policy shift in an interview with Bloomberg TV today. Following the unexpected rate cut that initiated the easing cycle yesterday, Orr emphasized Read more…
Key Highlights Crude oil prices struggled to clear the $80.00 resistance zone. A connecting bullish trend line is forming with support at $76.15 on the 4-hour chart. EUR/USD rallied and surpassed the 1.1020 resistance. Bitcoin Read more…
Gold reversed from resistance zone Likely to fall to support level 2400.00 Gold recently reversed down from the resistance area located between the strong resistance level 2475.00 (which stopped the previous impulse waves (3) and Read more…