Daily Pivots: (S1) 158.15; (P) 159.80; (R1) 161.91; More… Intraday bias in EUR/JPY stays neutral at this point, and outlook remains bearish with 162.87 resistance intact. On the downside, below 157.71 minor support will turn Read more…
Daily Pivots: (S1) 0.8583; (P) 0.8600; (R1) 0.8623; More…. Intraday bias in EUR/GBP is mildly on the upside with breach of 0.8618 temporary top. Rise from 0.8382 is resuming for 0.8643 resistance. Decisive break there Read more…
Daily Pivots: (S1) 1.6643; (P) 1.6714; (R1) 1.6826; More… Intraday bias in EUR/AUD remains neutral for the moment. While deeper retreat cannot be ruled out, outlook will remain bullish as long as 1.6474 support holds. Read more…
Daily Pivots: (S1) 0.9321; (P) 0.9395; (R1) 0.9488; More…. EUR/CHF’s recovery from 0.9209 extended higher but upside is capped below 0.9476 support turned resistance. Intraday bias remains neutral and further decline is still expected. On Read more…
The financial markets are relatively quiet in Asian session today, with major currency pairs and crosses trading within yesterday’s range. BoC’s summary of deliberations suggested that the central bank is on track for further policy Read more…
Short Term Elliott Wave View in Silver (XAGUSD) suggests that pullback to 28.58 low ended a wave (A). The metal turned higher again in wave (B) ended at 31.75 high. The market resuming lower from Read more…
RBNZ latest Survey of Expectations showed a notable decline in inflation expectations across all time horizons. One-year-ahead annual inflation expectations fell by 33 basis points, dropping from 2.73% to 2.40%. This marks the sixth consecutive Read more…
RBA Governor Michele Bullock revealed in a speech today that the board “explicitly considered” another rate hike during Tuesday’s meeting. Although they decided to hold rates steady, Bullock stressed that RBA “will not hesitate” to Read more…
Inflation expectations have continued to fall, reinforcing indications that inflation is set to drop back within the RBNZ target band in very near future. Inflation expectations One year ahead: 2.40% (Prev: 2.73%, down 33 points) Read more…
BoJ’s Summary of Opinions from the July 30-31 meeting reveals that board members discussed further rate hikes after implementing the second interest rate increase this year at the meeting. One member’s opinion stood out, suggesting Read more…