Month: November 2024

In focus this week Today, the US election takes place and is the major highlight of the week. Over the weekend, Harris’ odds in prediction markets have risen sharply, but swing state polls continue to Read more…

Daily Pivots: (S1) 0.6571; (P) 0.6595; (R1) 0.6611; More… AUD/USD is staying in consolidation above 0.6536 and intraday bias remains neutral. Stronger recovery might be seen, but outlook stays bearish as long as 55 D Read more…

Australian Dollar remained stable after RBA decided to keep the cash rate unchanged at 4.35% as widely expected. In the post-meeting press conference, Governor Michelle Bullock acknowledged that there has been “good progress” in reducing Read more…

Short Term Elliott Wave View on Dollar Index (DXY) suggests that rally to 104.63 ended wave ((4)). This completed cycle from 9.27.2024 low and the Index should either resume lower in wave ((5)) or pullback Read more…

RBA maintained its cash rate at 4.35% today, as expected, while underscoring that inflation risks remain a concern. In its statement, RBA noted that although headline inflation has declined and is projected to stay lower Read more…

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Underlying inflation remains Read more…

Planning for your death can be somber, which is why estate planning is often an unpopular part of financial planning. Organizing assets and allocating them to family and friends in the event of death or Read more…

Key Highlights WTI Crude Oil price started a recovery wave from the $67.00 zone. It broke a key bearish trend line with resistance at $70.60 on the 4-hour chart. EUR/USD could struggle to recover above Read more…

For much of its storied history, the German automaker Volkswagen  (VLKAF)  has been an industry innovator, icon and tour de force.  With a portfolio of well-known models, from the legendary Beetle to more modern cars Read more…

China’s Caixin Services PMI rose to 52.0 in October, surpassing expectations of 50.5 and marking the highest rate of growth in three months. The services sector continues its expansionary streak that began in January 2023. Read more…