Intraday bias in AUD/USD is turned neutral with current retreat. Some consolidations would be seen. Fall from 0.7277 might have completed as a three wave correction at 0.6977. Above 0.7087 will target 0.7200 resistance. On the downside, though, break of 0.6977 will resume the fall towards 0.6832 support. In the bigger picture, considering bearish divergence […]
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The May CPI fell –0.7%mth to be up 4.0%yr. Trimmed mean rose 0.4%mth/3.6%yr. The May CPI fell –0.7%mth to be up 4.0%yr. This was below our estimate of 4.4%yr and market expectations of 4.3%yr. May Read more…
Key Highlights USD/CAD extended its rally and climbed above 1.4120. A major bullish trend line is forming with support at 1.4080 on the 4-hour chart. Gold prices could continue to move down if there is Read more…