USD/CHF attempts to bounce The US dollar slipped after soft ISM manufacturing data in June. Following a pop above the psychological level of 0.9000, a brief pullback was contained at 0.8940, a key demand zone Read more…
The Board has paused but the reasons we have given to support our call for a hike in July remain. Target terminal rate still 4.6% with 25bp hikes expected in both August and September. The Read more…
Daily Pivots: (S1) 0.6643; (P) 0.6667; (R1) 0.6698; More… AUD/USD falls slightly after failing to sustain above 55 4H EMA, but stays above 0.6594 support. Intraday bias remains neutral this point. Further fall is in Read more…
Australian Dollar dips broadly after RBA’s hold, but loss is so far limited. AUD/NZD is staying above 1.0795 temporary low for now, even though near term bearish bias is maintained after prior rejection by 55 Read more…
RBA keeps cash rate target at 4.10% today, leaving room for further evaluation of the economic landscape. However, the central bank’s statement hinted at the possible need for further tightening of monetary policy in the Read more…
GBP/USD jumped above the 1.2650 and 1.2690 resistance levels. EUR/GBP declined and now trading below the 0.8595 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is trading in a bullish zone Read more…