Key insights from the week that was. The September Westpac-MI Consumer Sentiment survey once again emphasised the deep pessimism entrenched among Australian households, with the headline index ticking down –0.5% to 84.6. Concerns over the Read more…
Key Highlights USD/JPY extended losses and tested the 140.70 level. A connecting bearish trend line is forming with resistance at 143.10 on the 4-hour chart. Gold surged above the $2,530 and $2,550 resistance levels. Oil Read more…
Daily Pivots: (S1) 141.35; (P) 142.20; (R1) 142.66; More… USD/JPY is staying above 140.70 temporary low despite current dip, and intraday bias stays neutral first. Outlook remains bearish as long as 147.20 resistance holds. On Read more…
Dollar fell sharply overnight as the probability of a 50bps rate cut by Fed next week increased significantly. According to fed fund futures, the odds of a half-point cut now sit at around 40%, a Read more…
Gold’s rally accelerated after clearing 2531 resistance earlier in the week, and was further aided by the broad-based selloff in Dollar overnight. With price now nearing a critical resistance zone just below 2600 mark, focused Read more…
BNZ Performance of Manufacturing Index for New Zealand edged higher in August, rising from 44.4 to 45.8. Despite the improvement, the sector remains in deep contraction, well below its long-term average of 52.6, marking the Read more…
Rising taxation has dragged on household incomes and spending. Even with expanding public demand, this has helped to lower the growth outlook for the next couple of years. This week we released our refreshed forecasts Read more…
The recent rebound from its 10 September low of 18,186 has faced a hurdle to clear above its 20-day moving average. Several key elements are advocating for a potential short to medium-term bearish reversal. Watch Read more…
Silver reversed from support zone Likely to rise to the resistance level 30.00 Silver recently reversed up from the support zone set between the key support level 28.00 (which also stopped wave A at the Read more…
AUDCAD reversed from support zone Likely to rise to the resistance level 0.9150 AUDCAD recently reversed up from the support area between the support level 0.9020 (which reversed the price at the start of August) Read more…