Summary The Reserve Bank of Australia (RBA) paused its monetary tightening in April, holding its policy rate at 3.60%. The RBA also softened its guidance in regard to further rate hikes, stating that “some” further tightening of monetary policy “may well be needed”. In holding policy steady, the RBA cited the cumulative tightening to date, […]
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Daily Pivots: (S1) 192.37; (P) 192.70; (R1) 193.11; More… GBP/JPY’s break of 193.01 resistance argues that fall from 198.94 might have completed, ahead of 188.07 support. Corrective pattern from 180.00 is probably extending with another Read more…
Daily Pivots: (S1) 162.13; (P) 162.63; (R1) 163.06; More… Intraday bias in EUR/JPY remains on the upside for 164.89 resistance. Firm break there will resume the rise from 156.16, as another leg of the corrective Read more…
Daily Pivots: (S1) 0.8422; (P) 0.8441; (R1) 0.8452; More… Intraday bias in EUR/GBP remains neutral for the moment, and more consolidations could be seen below 0.8472. Outlook will stay bullish as long as 0.8403 support Read more…