RBA holds cash rate steady at 3.6% in November, expects some of the recent rise in inflation to be temporary but partly also a signal of capacity pressures. No near-term moves likely, with a cautious Read more…
Markets Several Fed policymakers hit the wires yesterday and showcased the broad array of views that led chair Powell to push back strongly against expectations for a December rate cut. To grab a few, Goolsbee Read more…
The new week, and the new month, kicked off on a sweet note — again on the back of a renewed AI boost. South Korean chipmakers rallied in the early hours of the new week Read more…
In focus today Today is expected to be a quiet day in terms of tier 1 data. In Denmark, Nationalbanken will publish its press release on October’s FX reserve, revealing whether it intervened in the Read more…
Daily Pivots: (S1) 1.1503; (P) 1.1522; (R1) 1.1539; More… Intraday bias in EUR/USD stays mildly on the downside for the moment. Fall from 1.1917 should target 100% projection of 1.1917 to 1.1540 from 1.1727 at Read more…
Daily Pivots: (S1) 153.99; (P) 154.14; (R1) 154.38; More… Intraday bias in USD/JPY is turned neutral with current retreat, and some consolidations would be seen below 154.47 temporary top. Further rally is expected as long Read more…
Daily Pivots: (S1) 1.3111; (P) 1.3137; (R1) 1.3164; More… Further decline is expected in GBP/USD as long as 1.3247 support turned resistance holds. Sustained trading below 1.3140 support should confirm completion of double top pattern Read more…
Daily Pivots: (S1) 0.8045; (P) 0.8069; (R1) 0.8104; More… Intraday bias in USD/CHF remains on the upside for the moment. Price actions from 0.7828 are seen as a corrective pattern in its third leg. Next Read more…
Daily Pivots: (S1) 1.4019; (P) 1.4047; (R1) 1.4086; More… Intraday bias in USD/CAD remains on the upside at this point. Decisive break of 1.4078 resistance will resume the whole rally from 1.3538. Next target is Read more…
Daily Pivots: (S1) 0.6516; (P) 0.6540; (R1) 0.6561; More… AUD/USD’s break of 0.6524 resistance turned support suggests that rebound from 0.6439 has completed at 0.6616. Intraday bias is back on the downside for deeper fall Read more…