RBA holds rates for third straight time AUD/USD slides 1.3% Australian GDP expected to slow in second quarter The Australian dollar has plunged on Tuesday after the Reserve Bank of Australia held rates at today’s Read more…
Eurozone PPI fell -0.5% mom -7.6% yoy in July, versus expectation of -0.6% mom, -7.6% yoy. For the month, Industrial producer prices decreased by -1.2% mom for intermediate goods and by -0.9% mom in the Read more…
ECB has just released its Consumer Expectations Survey for July 2023, offering an inside look into how consumers are viewing the economic outlook. Most notably, median expectations for inflation over the next year remained static Read more…
The Governor’s decision statement was widely anticipated including maintaining the soft tightening bias. The decision by the Reserve Bank Board to hold the cash rate at 4.1% was seen as a near certainty by most Read more…
Daily Pivots: (S1) 184.21; (P) 184.64; (R1) 185.44; More… GBP/JPY is extending the consolidation pattern from 186.75 and intraday bias remains neutral. On the upside, above 186.04 will argue that larger up trend is ready Read more…
Daily Pivots: (S1) 0.8831; (P) 0.8847; (R1) 0.8860; More…. USD/CHF is staying in consolidation from 0.8874 and intraday bias remains neutral. On the upside, firm break of 0.8874 will resume the rise from 0.8551. Next Read more…
RBA held its cash rate target unchanged at 4.10% in a widely expected move, offering additional time to evaluate impact of previous interest rate hikes and evolving economic outlook. Although the central bank maintained hawkish Read more…
Short term view in USDJPY suggests the rally from 7.14.2023 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 7.14.2023 low, wave (1) ended at 141.95 and pullback in wave (2) Read more…
In the past three weeks, AUD/USD has been trading within a minor range configuration between 0.6510 and 0.6385. Price actions have been dictated primarily from external factors especially economic news flow out from China. Consensus Read more…