Cycle from 9.28.2022 low has ended as a 5 waves impulse at 15706.51. We labelled this rally as wave ((1)) as the 1 hour chart below shows. Wave ((2)) pullback is currently in progress to Read more…
DXY: The overall momentum of the DXY chart is currently weakly bearish with low confidence, as price is trading below a major descending trend line and the bearish Ichimoku cloud. This suggests that bearish momentum Read more…
The Monthly CPI Indicator rose 6.8% in the year to February compared to Westpac’s 7.4%yr forecast and the market’s 7.2%yr. This represents a meaningful downside risk to our March CPI forecast of 1.5%qtr. In finer Read more…
Australia’s monthly CPI in February eased from 7.4% yoy to 6.8% yoy, below expectation of 7.2% yoy. CPI excluding volatile items such as fruit, vegetables, and automotive fuel also slowed from 7.5% yoy to 6.9% Read more…
Canadian Dollar technical outlook: USD/CAD short-term trade levels Canadian Dollar trading within contractionary range, just above key support pivot USD/CAD remains vulnerable to larger pullback within broader uptrend Resistance 1.3761, 1.3828, 1.3881 (key)– support 1.3633/47, Read more…
Canadian Dollar technical outlook: USD/CAD short-term trade levels Canadian Dollar trading within contractionary range, just above key support pivot USD/CAD remains vulnerable to larger pullback within broader uptrend Resistance 1.3761, 1.3828, 1.3881 (key)– support 1.3633/47, Read more…
Canadian Dollar technical outlook: USD/CAD short-term trade levels Canadian Dollar trading within contractionary range, just above key support pivot USD/CAD remains vulnerable to larger pullback within broader uptrend Resistance 1.3761, 1.3828, 1.3881 (key)– support 1.3633/47, Read more…