Daily Pivots: (S1) 149.08; (P) 149.44; (R1) 150.02; More… Intraday bias in USD/JPY remains neutral for consolidations below 149.97 temporary top. Further rally is expected with 146.48 resistance turned support intact. Above 149.97 will resume Read more…
Daily Pivots: (S1) 1.3736; (P) 1.3764; (R1) 1.3779; More… Intraday bias in USD/CAD stays neutral for consolidation below 1.3837 temporary top. Downside of retreat should be contained above 1.3646 resistance turned support. On the upside, Read more…
It’s yet another day of stimulus announcements in China, and another round of letdowns for investors. Chinese authorities today announced to almost double the amount it deployed to support what’s called ‘white list’ projects – Read more…
In focus today Focus today is on the ECB meeting, where we expect the ECB to deliver yet another rate cut of 25bp, bringing the deposit rate to 3.25%. Our expectations are supported by the Read more…
Daily Pivots: (S1) 0.6646; (P) 0.6678; (R1) 0.6699; More… Intraday bias in AUD/USD is turned neutral with current recovery, but further decline is expected as long as 0.6758 resistance holds. Below 0.6657 will resume the Read more…
Australian Dollar saw a modest rebound in the Asian session today, buoyed by much stronger-than-expected employment data. The Australian labor market continues to display resilience, with full-time jobs rising sharply, pushing the total over 10 Read more…
ECB is widely expected to cut the deposit rate by 25bps to 3.25% today, marking the first back-to-back rate reduction in 13 years. This step reflects ECB’s growing urgency to accelerate monetary easing as inflation Read more…
Key Highlights Bitcoin price started a fresh surge after it cleared the $65,000 resistance zone. BTC surpassed a major bearish trend line with resistance at $63,200 on the 4-hour chart. Gold prices rallied further and Read more…
Australia’s employment figures for September showed stronger-than-expected growth, with 64.1k jobs added, significantly exceeding forecast of 25.2k. Full-time employment led the gains, rising by 51.6k, while part-time jobs increased by 12.5k. Unemployment rate remained steady Read more…
Australia’s NAB quarterly Business Confidence declined from -2 to -6 in Q3. Business conditions also dropped from 5 to 2, with trade conditions falling from 9 to 5, profitability slipping from 2 to 0, and Read more…