USD/JPY’s up trend accelerated further to as high as 122.43 last week, and met 100% projection of 109.11 to 116.34 from 114.40 at 121.63 already. Further rise is expected as long as 120.58 support holds. Sustained trading above 121.63 will pave the way to 161.8% projection at 126.09, which is close to 125.85 long term […]
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Media release The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent. Annual consumer price inflation has declined and is now close to the midpoint of Read more…
Australia’s monthly CPI was unchanged at 2.1% yoy in October, below expectations of a rise to 2.5% yoy. This marks the lowest annual inflation rate since July 2021. Core inflation metrics presented mixed signals, with Read more…
Key Highlights WTI Crude Oil prices are struggling to clear the $71.20 resistance zone. A connecting bearish trend line is forming with resistance at $70.90 on the 4-hour chart. Bitcoin corrected gains and traded below Read more…