The RBA left rates on hold in August as we expected, but their rhetoric and view of aggregate demand were surprisingly hawkish. Given the Board apparently does not see its way to cutting rates this Read more…
AUDUSD bounces back from its lowest point in nine months Short-term risk skewed to the upside; close above 0.6500 needed RBA maintains steady policy; pushes back rate cut timing AUDUSD encountered a significant drop to Read more…
Market picture The cryptocurrency market has survived the peak of fear, finding the strength to consolidate during European trading and begin a recovery during active hours in the Americas. As a result, the crypto market Read more…
The NZD/USD pair has shown signs of recovery, reaching 0.5941 after initially plunging to a nine-month low. This downturn was triggered by concerns over a potential US recession, driven by weak job sector data, which Read more…
Daily Pivots: (S1) 1.0893; (P) 1.0951; (R1) 1.1009; More….. Intraday bias in EUR/USD stays on the upside with 1.0932 minor support intact. Current rally is part of the whole rise from 1.0665 and should target Read more…
Daily Pivots: (S1) 141.68; (P) 144.17; (R1) 146.64; More… USD/JPY recovered after diving to 141.67 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 150.88 resistance Read more…
Daily Pivots: (S1) 1.2719; (P) 1.2769; (R1) 1.2829; More… Intraday bias in GBP/USD stays neutral as range trading continues. Further decline is in favor with 1.2863 resistance intact. On the downside, below 1.2706 will target Read more…
Daily Pivots: (S1) 0.8437; (P) 0.8520; (R1) 0.8606; More… USD/CHF recovered after dipping to 0.8431 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 0.8711 resistance. Read more…
Daily Pivots: (S1) 0.6390; (P) 0.6455; (R1) 0.6562; More… AUD?USD rebounded strongly after diving to 0.6348 but upside is capped below 0.6567 resistance so far. Intraday bias is turned neutral first, and further fall is Read more…
Daily Pivots: (S1) 1.3775; (P) 1.3861; (R1) 1.3913; More… Intraday bias in USD/CAD turned neutral with the current retreat. But further rise is expected as long as 1.3786 support holds. Break of 1.3946 will target Read more…