Daily Pivots: (S1) 0.8501; (P) 0.8544; (R1) 0.8608; More… Intraday bias in EUR/GBP remains neutral for the moment. As long as 0.8365 support holds, further rally is still in favor. On the upside, break of Read more…
Daily Pivots: (S1) 1.5026; (P) 1.5113; (R1) 1.5190; More… Intraday bias in EUR/AUD remains neutral for the moment. On the downside, break of 1.4882 support will reaffirm that case that corrective rebound from 1.4318 has Read more…
New Zealand Dollar rises broadly today after an hawkish RBNZ rate hike, which suggests that interest rate could peak higher than earlier projected. Australian and Canadian Dollars are also generally firmer. On the other hand, Read more…
DXY: On the H4, with prices below the ichimoku indicator, we have a bearish bias that price will drop to our 1st support at 101.560 where the horizontal swing low support, 127.2% Fibonacci extension and Read more…
Short Term Elliott Wave View in Silver (XAGUSD) suggests cycle from 3/8/2022 high ended as a 5 waves impulse structure at 20.42. This impulse wave lower ended wave (1). Wave (2) corrective rally is now Read more…
The Reserve Bank of New Zealand has today raised the Official Cash Rate by 50 basis points to 2.00%, a follow up to its 50bp rate hike in April. While this was widely expected, a Read more…
The Reserve Bank lifted the OCR by 50 basis points as widely expected, and signalled further large moves to come. While it’s a more assertive profile than we expected from the RBNZ today, it’s in Read more…
In May’s Monthly Economic Report, Japan’s government maintained that the economy “shows movement of picking up”. Private consumption, business investment and industrial production have “shown movement of picking up”. Exports were still “almost flat”. Employment Read more…
NZD/USD rises slightly after RBNZ rate hike, as rebound from 0.6215 short term bottom extends. Immediate focus is now on 0.6528 cluster resistance (38.2% retracement of 0.7033 to 0.6215 at 0.6527). Sustained break of 0.6527/8 Read more…
RBNZ raised the Official Cash Rate by 50bps to 2.00% as widely expected. The central bank now projects OCR to peak at 3.9% in Q2 of 2023, before moving down slightly starting from Q3 2024. Read more…