Daily Pivots: (S1) 180.22; (P) 184.11; (R1) 188.11; More… GBP/JPY recovered after diving to 180.00 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 193.23 resistance Read more…
Daily Pivots: (S1) 154.80; (P) 157.51; (R1) 160.60; More… EUR/JPY recovered after diving to 154.40 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 162.87 resistance Read more…
Daily Pivots: (S1) 0.8521; (P) 0.8571; (R1) 0.8619; More…. Intraday bias in EUR/GBP remains on the upside at this point. Further rise should be seen to 0.8643 resistance. Decisive break there will strengthen the case Read more…
Daily Pivots: (S1) 1.6665; (P) 1.6926; (R1) 1.7118; More… Intraday bias in EUR/AUD is turned neutral first as it retreated after hitting 1.7180. Some consolidations would be seen but downside should be contained above 1.6474 Read more…
We have added additional rate cuts at the November and January FOMC meetings to our profile. Our unrevised terminal rate of 3.375% is now seen at end-2025 instead of mid-2026. July’s US employment report unnerved Read more…
Daily Pivots: (S1) 0.9235; (P) 0.9310; (R1) 0.9408; More…. EUR/CHF recovered after hitting 0.9029 and intraday bias is turned neutral for consolidations first. But near term outlook will stay bearish as long as 0.9476 support Read more…
The financial markets continued to see extreme volatility. DOW dropped by over -1000 points overnight, but the global rout seems to have paused for now. Nikkei staged a dramatic 10% rebound in early trading after Read more…
RBA kept its cash rate target unchanged at 4.35%, as widely expected. Maintaining its stance of “not ruling anything in or out,” the highlighted that underlying inflation “remains too high” and stated it will be Read more…
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation remains above target and is proving Read more…
Short Term Elliott Wave View in Oil (CL) suggests that cycle from 4.12.2024 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 4.12.2024 high, wave (1) ended at 72.48 and Read more…