Daily Pivots: (S1) 0.6508; (P) 0.6577; (R1) 0.6640; More… AUD/USD failed to sustain below 61.8% retracement of 0.6269 to 0.6941 at 0.6526 will target 0.6348, and recovered after dipping to 0.6511. Intraday bias is turned Read more…
Dollar saw a modest pullback in Asian session today, easing off its sharp post-election rally as market enthusiasm stabilized. US equities, including DOW, S&P 500, and NASDAQ, all closed at record highs overnight on strong Read more…
Fed is widely anticipated to announce a 25bps rate cut today, lower the federal funds rate to 4.50%-4.75%. While Fed Chair Jerome Powell is likely to sidestep any definitive remarks about the implications of Donald Read more…
BoE is widely anticipated to reduce its benchmark interest rate by 25bps to 4.75% today. While the decision is likely to be unanimous, with known hawk Catherine Mann the only probable dissenting voice. Nevertheless, BoE’s Read more…
Key Highlights Bitcoin price started a fresh increase and traded to a new all-time high above $75,000. BTC surpassed a major bearish trend line with resistance at $69,200 on the 4-hour chart. Gold prices dipped Read more…
Japan’s real wages declined by -0.1% yoy in September, marking a second consecutive monthly drop as inflation erodes purchasing power. This dip follows a record 26-month downturn that ended in May, with wages briefly turning Read more…
French ECB Governing Council member Francois Villeroy de Galhau emphasized the heightened economic risks following the US presidential election results, urging Europe to respond with a united stance. Speaking at a conference overnight, Villeroy noted, Read more…
At a Senate session today, RBA Governor Michele Bullock indicated that the central bank has not yet conducted detailed scenario analyses on how Donald Trump’s US presidential victory might impact Australia’s monetary policy. Bullock emphasized Read more…
Running a car company is hard, and when facing uncertainties like poor sales or financial hardships, the trials and tribulations can be too much for the leaders who run them. Take Ford CEO Jim Farley, Read more…
Amazon CEO Andy Jassy just addressed a major concern his employees have about a new office policy that will go into effect in January next year. After announcing in a memo in September that Amazon Read more…