The RBA hiked interest rates earlier today by 50bps to bring the cash rate to 1.85%. However, the Aussie sold off as the RBA said that although it still plans to raise rates in the future, there is no pre-set path moving forward. In addition, the board noted that “the size and timing of future […]
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Markets For clues for tonight’s FOMC outcome, we grab back to Fed Chair Powell’s speech for the Economic Club of Chicago on April 16, a couple of days before the blackout period and still in Read more…
Daily Pivots: (S1) 1.1306; (P) 1.1344; (R1) 1.1407; More… Intraday bias in EUR/USD remains neutral at this point. On the downside, below 1.1265 will resume the corrective fall from 1.1572 short term top. But downside Read more…
Daily Pivots: (S1) 1.3286; (P) 1.3344; (R1) 1.3428; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the downside, firm break of 1.3232 support will indicate short term topping and rejection by Read more…