Daily Pivots: (S1) 1.2743; (P) 1.2769; (R1) 1.2790; More… GBP/USD is still capped below 1.2839 resistance despite today’s rally. Intraday bias stays neutral first. On the downside, break of 1.2664 will resume the fall from 1.3043 to 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and target this support next. […]
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Short Term Elliott Wave View in EURUSD suggests cycle from 9.25.2024 high is in progress as a zigzag. Down from 9.25.2024 high, wave A ended at 1.076 and wave B rally ended at 1.09369. Wave Read more…
In the minutes from the November meeting, RBA emphasized “minimal tolerance” for a prolonged period of high inflation, acknowledging the already “lengthy period” of elevated prices. They underscored the need to observe “more than one Read more…
Hybrid – 4 and 5 November 2024 Members participating Michele Bullock (Governor and Chair), Andrew Hauser (Deputy Governor), Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Iain Ross AO, Elana Rubin AM, Carol Schwartz AO, Alison Watkins AM Others participating Sarah Hunter (Assistant Governor, Economic), Christopher Kent (Assistant Governor, Financial Markets) Anthony Dickman (Secretary), David Norman Read more…