Daily Pivots: (S1) 1.6354; (P) 1.6410; (R1) 1.6462; More… EUR/AUD’s corrective pattern from 1.6800 is still extending. Deeper fall is expected as long as 1.6518 resistance holds, to 61.8% retracement of 1.5963 to 1.6800 at Read more…
Daily Pivots: (S1) 0.9409; (P) 0.9432; (R1) 0.9451; More…. No change in EUR/CHF’s outlook as range trading continues. Intraday bias remains neutral for the moment. On the downside, break of 0.9359 support will revive the Read more…
Daily Pivots: (S1) 188.59; (P) 189.64; (R1) 190.59; More… Intraday bias in GBP/JPY is turned neutral again with current recovery. Overall outlook is unchanged that corrective pattern from 180.00 could extend further. On the upside, Read more…
Daily Pivots: (S1) 156.30; (P) 157.15; (R1) 157.98; More… EUR/JPY recovered ahead of 155.72 support and intraday bias is turned neutral again. Overall outlook is unchanged that consolidation pattern from 154.40 might extend further. Above Read more…
Yen volatility remains a key theme in Asian session today. Stronger-than-expected Japanese inflation data provided further justification for BoJ’s ongoing policy normalization, reinforcing speculation that the central bank may hike rates sooner than previously anticipated. Read more…
Elon Musk spoke at the Conservative Political Action Conference (CPAC) on Thursday, giving a strange and often inarticulate on-stage interview to Newsmax presenter Rob Schmitt. Schmitt was all smiles and enthusiasm, and managed to steer Read more…
Elon Musk spoke at the Conservative Political Action Conference (CPAC) on Thursday, giving a strange and often inarticulate on-stage interview to Newsmax presenter Rob Schmitt. Schmitt was all smiles and enthusiasm, and managed to steer Read more…
RBNZ Chief Economist Paul Conway revealed in a Reuters interview that the central bank considered both 25bps and 75bps rate cuts ahead of this week’s policy decision. But the bank ultimately concluded that a 50bps Read more…
At a parliamentary committee hearing today, RBA Governor Michele Bullock explained that this week’s 25bps rate cut was based on better-than-expected inflation data, weaker private demand, and wage growth aligning with forecasts. Also, she acknowledged Read more…
Australia’s PMI data for February showed continued expansion in private sector activity, with Manufacturing PMI rising to from 50.2 to 50.6, its highest level in 27 months. Meanwhile, Services PMI edged up from 51.2 to Read more…