As expected, RBA cuts cash rate 25bp to 4.1%. But a hawkish tone in the forecasts and rhetoric cements our view that RBA will move slowly from here. As was widely expected, the RBA cut Read more…
Short term Elliott Wave in EURUSD suggests rally from 1.13.2025 low is unfolding as a zigzag structure. Up from 1.13.2025 low, wave A ended at 1.0533 and pullback in wave B ended at 1.021. Wave Read more…
Daily Pivots: (S1) 0.6345; (P) 0.6359; (R1) 0.6372; More… Intraday bias in AUD/USD is turned neutral as rebound from 0.6087 lost moment, as seen in 4H MACD, after hitting 0.6373. On the downside, break of Read more…
Australian Dollar initially dipped after RBA’s widely expected rate cut, but the move was short-lived as the currency quickly stabilized. RBA’s cautious tone on further easing provided underlying support for the Aussie. The central bank Read more…
RBA lowered its cash rate target by 25bps to 4.10%, as widely anticipated, but signaled a cautious approach to further easing. In its statement, the central bank emphasized that monetary policy will remain restrictive even Read more…
At its meeting today, the Board decided to lower the cash rate target to 4.10 per cent and the interest rate paid on Exchange Settlement balances to 4 per cent. Underlying inflation is moderating. Inflation has fallen substantially since Read more…
Key Highlights GBP/USD started a fresh increase above the 1.2500 resistance. A key bullish trend line is forming with support at 1.2400 on the 4-hour chart. EUR/USD is struggling to clear the 1.0520 resistance zone. Read more…
Daily Pivots: (S1) 1.0465; (P) 1.0486; (R1) 1.0505; More… No change in EUR/USD’s outlook as consolidation from 1.0176 is extending. Intraday bias stays neutral for now. Stronger rebound might be seen but outlook will remain Read more…
Daily Pivots: (S1) 1.2590; (P) 1.2613; (R1) 1.2648; More… No change in GBP/USD’s outlook and intraday bias stays neutral, with focus on 38.2% retracement of 1.3433 to 1.2099 at 1.2609. Rejection by this level will Read more…
Daily Pivots: (S1) 0.8981; (P) 0.9000; (R1) 0.9026; More… USD/CHF is still extending the consolidation pattern from 0.9200 and intraday bias remains neutral. While deeper pull back might be seen, outlook will stay mildly bullish Read more…