In focus today Focus shifts to flash September inflation data from France, Germany and Italy. The core inflation measure will be key, particularly after Spain’s data yesterday showed weaker-than-expected core inflation despite a rise in Read more…
Daily Pivots: (S1) 1.1700; (P) 1.1728; (R1) 1.1754; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen above 1.1644. Further fall is expected as long as 1.1819 resistance holds. Considering bearish Read more…
Daily Pivots: (S1) 148.15; (P) 148.92; (R1) 149.37; More… Intraday bias in USD/JPY remains neutral at this point. Further rally is expected as long as 147.45 support holds. Corrective pattern from 150.90 should have completed Read more…
Daily Pivots: (S1) 1.3394; (P) 1.3426; (R1) 1.3458; More… Intraday bias in GBP/USD stays neutral and more consolidations could be seen above 1.3322. But further decline is expected as long as 1.3535 resistance holds. Break Read more…
Daily Pivots: (S1) 0.7957; (P) 0.7972; (R1) 0.7993; More… USD/CHF is staying in consolidations below 0.8013 and intraday bias remains neutral. On the upside, sustained trading above 55 D EMA (now at 0.8014) will suggest Read more…
Daily Pivots: (S1) 1.3896; (P) 1.3922; (R1) 1.3940; More… Intraday bias in USD/CAD remains neutral and more consolidations could be seen below 1.3957. On the upside, break of 1.3.957 will resume the corrective rebound from Read more…
Daily Pivots: (S1) 0.6555; (P) 0.6568; (R1) 0.6589; More… Focus is back on 0.6627 resistance in AUD/USD with current extended rebound. Break there will suggest that pullback from 0.6706 has completed as correction, after drawing Read more…
Aussie rallied broadly after the RBA left policy unchanged at 3.60% but issued a statement that leaned hawkish. Traders were quick to note the Bank’s warning that Q3 inflation may come in stronger than projected Read more…
The RBA left its cash rate unchanged at 3.60% in a unanimous decision, in line with expectations. The move reflects the Board’s preference to pause while monitoring whether recent economic surprises point to a more Read more…
At its meeting today, the Board decided to leave the cash rate unchanged at 3.60 per cent. The decline in underlying inflation has slowed. Inflation has fallen substantially since the peak in 2022, as higher Read more…