GBPUSD has reversed back up again after finding support at the 27-month low of 1.2070, achieved last week, but the current momentum is still weak. The technical indicators are pointing to a neutral to negative Read more…
EUR/USD Volatility during yesterday’s trading session remained muted and the single European currency continues to consolidate between the two key levels at 1.0470 and at 1.0580. Neither the bears nor the bulls can boast a Read more…
The markets are rather mixed in Asian session today, engaging in mostly consolidative moves. New Zealand Dollar trades broadly lower following record low consumer confidence data. But Canadian and Australian Dollars are firmer on steady Read more…
Japan Prime Minister Fumio Kishida asked opposition DDP’s Yuichiro Tamaki on monetary policy. Tamaki said the BOJ must keep current ultra-low interest rates, arguing that tightening monetary policy was “unthinkable”. Kishida said afterwards, “I agree Read more…
RBA Governor Philip Lowe said the larger than expected 50bps hike at last meeting was driven by “additional information suggesting a further upward revision to an already high inflation forecast”. He also emphasized, “as we Read more…
Sydney – 7 June 2022 Members present Philip Lowe (Governor and Chair), Michele Bullock (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Carol Schwartz AO, Alison Read more…
New Zealand Westpac consumer confidence dropped sharply from 92.1 to 78.7 in Q2. That’s the lowest level on record, and well below long-term average at 110.2. Westpac said: “The pressure on household finances and sharp Read more…
ECB Chief Economist Philip Lane said yesterday, “we have very high inflation rates now, and clearly we could be in a world where inflation psychology is taking hold.” In a presentation, he said that Eurozone Read more…
The economic calendar is packed with data releases from the United Kingdom this week, starting with the latest inflation report at 06:00 GMT on Wednesday. Sterling has taken a heavy beating this year, underperforming even Read more…
DXY: On the H4, with prices bouncing off the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our 1st resistance at 105.620 where the 61.8% fibonacci Read more…