BoE MPC member Megan Greene emphasized the need for a “gradual approach” to easing monetary policy in her speech today. She highlighted that her recent vote to hold the Bank Rate at 5% in September, Read more…
AUD/USD surged above the 0.6800 and 0.6850 levels. NZD/USD is also rising and might aim for more gains above 0.6300. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar rallied after Read more…
NZDUSD marks new higher high for 2024 Positive momentum might soften; eyes on 0.6368 NZDUSD stretched its exciting rally to a new nine-month high of 0.6354 on Wednesday before experiencing mild losses. The pair surpassed Read more…
Will EURUSD break the double bottom to the upside? Strong support at 1.1100 Stochastic and RSI look quite positive EURUSD is continuing the upside rally near the 13-month high of 1.1200, remaining well above the Read more…
Markets China’s stimulus announcement impacted all corners of the market. Hopes for a revival of the 2nd largest economy lifted commodity prices. Oil & iron prices both added around 2%. Equities rose with Europe’s EuroStoxx50 Read more…
In focus today The most important event today will be the Riksbank’s rate decision at 9.30 CET. On the back of a slightly weaker economy and lower inflation than expected, we expect Riksbank to cut Read more…
Let’s continue to count. 41. The S&P500 celebrated its 41st record high yesterday. Even though yesterday’s session began on a softish note – after the data showed the biggest drop in the US consumer sentiment Read more…
Daily Pivots: (S1) 191.19; (P) 192.26; (R1) 193.17; More… Intraday bias stays not the upside with 190.11 minor support intact. GBP/JPY’s rise e from 183.70, as the third leg of the corrective pattern from 180.00, Read more…
Daily Pivots: (S1) 159.20; (P) 160.15; (R1) 161.07; More…. Intraday bias in EUR/JPY remains neutral and some consolidations could be seen below 161.17 temporary top. But further rally is expected as long as 155.14 support Read more…
Daily Pivots: (S1) 0.8302; (P) 0.8345; (R1) 0.8366; More… Intraday bias in EUR/GBP is turned neutral as it recovered after hitting 61.8% projection of 0.8624 to 0.8399 from 0.8463 at 0.8324. Some consolidations would be Read more…