Daily Pivots: (S1) 1.3093; (P) 1.3115; (R1) 1.3137; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2999 is extending. Further decline is mildly in favor with 1.3297 resistance intact. On the downside, firm break of 1.2999 will resume larger down trend from 1.4248. However, firm break of 1.3297 will turn bias back to […]
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BoC Deputy Governor Rhys Mendes said in a speech today that “We no longer need interest rates to be as restrictive as they were,” which justified the larger rate reduction of 50 bps at this Read more…
The Australian dollar declined as much as 1% on Tuesday before recovering these losses. In the European session, AUD/USD is trading at 0.6497, down 0.1% on the day. Earlier, the Aussie dropped to low of Read more…