Daily Pivots: (S1) 1.1028; (P) 1.1052; (R1) 1.1099; More…. EUR/USD rebounded strongly ahead of 38.2% retracement of 1.0665 to 1.1200 at 1.0996 but stays below 1.1153 resistance. Intraday bias remains neutral first. Outlook stays bullish Read more…
Daily Pivots: (S1) 1.3063; (P) 1.3095; (R1) 1.3159; More… Intraday bias in GBP/USD is turned neutral first with current recovery. On the upside, firm break of 1.3265 resistance will resume larger rally to 1.3364 projection Read more…
Daily Pivots: (S1) 0.8495; (P) 0.8523; (R1) 0.8539; More… No change in USD/CHF’s outlook with focus on 0.8536 resistance. Rejection by this resistance will retain near term bearishness. Break of 0.8374 will resume the fall Read more…
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…