In focus today Today, we expect the SNB to cut policy rates by 25bp to 1.00%, but stress that it is a close call between 25bp and 50bp as inflation has underperformed the SNB’s forecast, Read more…
Cycle from 8.5.2024 low in GBPJPY is in progress as a double three Elliott Wave structure. Up from 8.5.2024 low, wave (W) ended at 193.48 and pullback in wave (X) ended at 183.67. Internal subdivision Read more…
Daily Pivots: (S1) 0.6791; (P) 0.6850; (R1) 0.6881; More… With current retreat, a temporary top is in place at 0.6907 in AUD/USD, just ahead of 61.8% projection of 0.6348 to 0.6823 from 0.6621 at 0.6915. Read more…
Asian markets are maintaining a risk-on tone today, despite the lackluster US market performance overnight. Sentiment remains buoyed by China’s recent monetary stimulus measures, even as doubts linger about their overall effectiveness due to the Read more…
SNB is set to announce its rate decision today, and the financial markets are rife with speculation. A significant gap has emerged between market expectations and those of economists regarding the magnitude of the rate Read more…
Minutes from BoJ’s July meeting reveal a split among policymakers on the pace of future rate hikes. While BOJ raised its short-term interest rate to 0.25% by a 7-2 vote, differing opinions emerged on how Read more…
Key Highlights GBP/USD started a fresh increase above the 1.3250 resistance. A key bullish trend line is forming with support at 1.3360 on the 4-hour chart. Gold price could continue to rise toward $2,700 or Read more…
Fed Governor Adriana Kugler expressed “strong” support for last week’s 50bps rate cut, signaling her inclination toward “additional cuts” in the federal funds rate. In her speech overnight, Kugler emphasized that while the focus remains Read more…
The AUDUSD pair slightly declined after hitting a new yearly high of 0.6900 during Wednesday’s US session. However, the overall outlook remains positive due to the Reserve Bank of Australia (RBA) indicating that interest rates Read more…
CADJPY reversed from support area Likely to rise to resistance level 108.85 CADJPY currency pair earlier reversed up with the weekly Bullish Engulfing from the support area located between the pivotal resistance level 104.50 (which Read more…