Daily Pivots: (S1) 170.86; (P) 171.60; (R1) 172.14; More… EUR/JPY’s break of 171.35 support suggests short term topping at 173.87, on bearish divergence condition in 4H MACD. Fall from there is seen as corrective the Read more…
Daily Pivots: (S1) 0.8632; (P) 0.8658; (R1) 0.8675; More… The firm break of 55 4H EMA (now at 0.8672) confirms short term topping at 0.8752. Fall from there is seen as correcting the rise from Read more…
Daily Pivots: (S1) 1.7694; (P) 1.7746; (R1) 1.7787; More… EUR/AUD recovered after hitting 1.7717 support and intraday bias stays neutral. On the downside, decisive break of 1.7717 will revive the case that rise from 1.7245 Read more…
Aussie weakened broadly on Asian session after Australia’s Q2 CPI data cemented expectations for another RBA rate cut in August. However, the decline in Aussie lacks strong momentum so far. The softness in both headline Read more…
Key Highlights GBP/USD gained bearish momentum below the 1.3500 support. It traded below a bullish trend line with support at 1.3450 on the 4-hour chart. EUR/USD tumbled below the 1.1660 and 1.1620 support levels. The Read more…
BoC is widely expected to hold its overnight rate steady at 2.75% today, marking a third consecutive pause in its rate-cut cycle. The slight improvement in the labor market, with unemployment edging back down to Read more…
Fed is widely expected to keep interest rates unchanged 4.25–4.50%. Markets have priced in over a 97% chance of a hold, making the decision a foregone conclusion. However, the markets would watch out for any Read more…
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Quarterly trimmed mean inflation tracking at 0.6%–0.7%, so inflation is within target. RBA likely to continue reducing monetary restrictiveness, including by cutting the cash rate at its August meeting. The RBA Monetary Policy Board (MPB) Read more…
Australia’s inflation pressures continued to ease in Q2, reinforcing expectations for further policy easing from the RBA. Headline CPI rose 0.7% qoq, down from Q1’s 0.9% qoq and under the 0.8% qoq consensus. On an Read more…