Dollar continues to dominate the currency markets this week, holding its position as the strongest performer as focus shifts to the upcoming non-farm payroll report from the US. Market reactions to this data will be Read more…
The September non-farm payroll report is in sharp focus today, as it plays a critical role in shaping expectations for Fed’s upcoming monetary policy decisions. Currently, markets are pricing in 33% probability of a 50bps Read more…
Oil prices surged as escalating tensions in the Middle East have raised fears of supply disruptions. US President Joe Biden confirmed that he is considering airstrikes on Iran’s oil facilities in retaliation for Tehran’s missile Read more…
Key Highlights USD/JPY started a fresh increase above the 145.00 resistance. A key bullish trend line is forming with support at 145.80 on the 4-hour chart. EUR/USD declined below the 1.1075 support level. GBP/USD trimmed Read more…
Key insights from the week that was. In Australia, the week began with the Federal Government’s announcement of a better-than-expected final budget outcome for 2023/24, a second consecutive surplus of $15.8bn. Relative to May’s estimates, Read more…
The RBA no longer says that wages growth is too high to be consistent with inflation returning to target. But how did it come to that conclusion in the first place? Last week we noted Read more…
Short Term Elliott Wave View in Gold (XAUUSD) suggests that rally to 2685.58 ended wave 3. The metal then did a pullback in wave 4 with internal subdivision as a double three Elliott Wave structure. Read more…
EURAUD reversed from strong support level 1.6020 Likely to rise to resistance level 1.6260 EURAUD currency pair recently reversed up from the strong support level 1.6020 (which stopped the multi-month downtrend in June) intersecting with Read more…
EURCAD reversed from key support level 1.4900 Likely to rise to resistance level 1.5150 EURCAD currency pair recently reversed up from the key support level 1.4900 (former resistance from June, which stopped the previous waves Read more…
Fundamental Analysis The pound has faced strong bearish pressure following statements from Bank of England Governor Andrew Bailey, who hinted that the institution might adopt a more proactive stance on rate cuts if inflation continues Read more…