Markets This morning’s hawkish rate hike by the Reserve Bank of Australia was set to be today’s sole highlight. The central bank unexpectedly raised its policy rate for a second meeting running by 25 bps Read more…
Markets This morning’s hawkish rate hike by the Reserve Bank of Australia was set to be today’s sole highlight. The central bank unexpectedly raised its policy rate for a second meeting running by 25 bps Read more…
The most heavily traded currency pair, EUR/USD, experienced a rebound to 1.0720 following a significant downturn. The concerns about U.S. public debt subsided after the proposal to increase the debt limit was endorsed first by Read more…
USD is slowing down after we spotted 5th wave on May 31 (CLICK HERE). We warned about a pullback, as yields turned down from resistance which are in positive correlation with DXY chart. The main Read more…
USD is slowing down after we spotted 5th wave on May 31 (CLICK HERE). We warned about a pullback, as yields turned down from resistance which are in positive correlation with DXY chart. The main Read more…
USD is slowing down after we spotted 5th wave on May 31 (CLICK HERE). We warned about a pullback, as yields turned down from resistance which are in positive correlation with DXY chart. The main Read more…
According to the latest Consumer Expectations Survey conducted by ECB in April, consumer inflation expectations have taken a significant downturn, reversing most of the gains made in the previous month. The survey revealed that mean Read more…
After staying inactive for two consecutive meetings, the BoC is now expected by a decent percentage of market participants to raise interest rates when it meets on Wednesday at 14:00 GMT. The hype of another Read more…
Daily Pivots: (S1) 1.0684; (P) 1.0703; (R1) 1.0731; More… Intraday bias in EUR/USD stays neutral as consolidation continues above 1.0634. On the downside, break of 1.0634 will resume the corrective decline from 1.1094. Deeper fall Read more…
Crude oil fully pared post-OPEC gains yesterday, as Saudi’s lonely production cuts and the quota transfer from African countries to UAE raised question about the hit-power and the health of the cartel. As a result, Read more…