The Elliott Wave perspective indicates that GBPJPY has entered a bearish sequence from its October 30, 2024 high. It signals further downside potential. From that peak, wave (W) concluded at 187.05, followed by a wave Read more…
In focus today In the US, we will look out for any announcements following the implementation of Trump’s reciprocal tariffs. Later in the day, Fed’s Barkin is scheduled to speak, and the release of the Read more…
Daily Pivots: (S1) 1.8097; (P) 1.8259; (R1) 1.8560; More… EUR/AUD’s rally resumed after brief retreat and intraday bias is back on the upside. Current up trend should target 161.8% projection of 1.6355 to 1.7417 from Read more…
The rebound in US stock markets proved short-lived, with major indexes slipping back into the red by the end of Tuesday’s session. NASDAQ led the losses, as sentiment turned increasingly fragile. Asian markets followed suit, Read more…
You cannot blame the current round of retail bankruptcies and store closures on declining mall traffic. Malls have generally performed about as well as they have traditionally, so stores have had opportunities to sell to Read more…
The RBNZ delivered the expected 25bp OCR cut in April and maintained an easing bias. Risks related to global developments were noted, but the overall tone didn’t suggest a sense of undue alarm. RBNZ 9 Read more…
RBNZ delivered a widely expected 25bps cut in the Official Cash Rate, bringing it to 3.50%. The policy statement highlighted that the recently announced global trade barriers create “downside risks to the outlook for economic Read more…
The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 25 basis points to 3.5 percent. Annual consumer price inflation remains near the mid-point of the Monetary Policy Committee’s 1 to 3 Read more…
Chicago Fed President Austan Goolsbee and San Francisco Fed President Mary Daly both sounded cautious overnight amid rising uncertainty from the unfolding global tariff war. Goolsbee highlighted the unexpected magnitude of the tariff impact, calling Read more…
Key Highlights Bitcoin price started a recovery wave after a sharp drop to $75,000. BTC is trading below a connecting bearish trend line with resistance at $81,500 on the 4-hour chart. Ethereum price declined heavily Read more…