Daily Pivots: (S1) 1.5561; (P) 1.5621; (R1) 1.5686; More… Intraday bias in EUR/AUD remains on the downside for the moment. Firm break of 1.5559 support should indicate that corrective rise from 1.5354 has completed in Read more…
Daily Pivots: (S1) 128.15; (P) 129.09; (R1) 130.27; More…. EUR/JPY recovered after hitting 127.90. But further decline is expected with 130.03 support turned resistance intact. Fall from 133.13 is seen as another leg of the Read more…
Daily Pivots: (S1) 153.29; (P) 154.59; (R1) 155.80; More… GBP/JPY recovered after dropping to 153.34. But still, with 155.48 support turned resistance intact, further decline is expected. Fall from 158.04 is seen as the third Read more…
DXY: On the weekly, prices are on bullish momentum and abiding to our ascending trendline. We see potential for bullish momentum to climb from our 1st support at 95.877 in line with 23.6% Fibonacci retracement Read more…
Daily Pivots: (S1) 1.0298; (P) 1.0340; (R1) 1.0402; More…. EUR/CHF recovers after diving to 1.0277. But still, with 1.0459 resistance intact, further decline is expected. The down larger down trend from 1.1149 should be resuming. Read more…
Overall, the markets seem to have stabilized from the shocking invasion of Ukraine by Russia, for now at least. US stock markets staged a late and strong turnaround overnight while Asian markets also recovered. Gold Read more…
RBNZ Governor Adrian Orr said in a speech, “amongst many of our central bank peers, we were one of the first to begin removing monetary stimulus and start the tightening cycle”. “Financial market pricing for Read more…
Fed Governor Christopher Waller said in a speech that his preference is to “increase the target range 100 basis points by the middle of this year… appropriate interest rate policy brings the target range up Read more…
The tragic developments in the Ukraine have not triggered any significant changes in our views on Australian financial markets. While the shock of aggressive military action in Europe has rattled equity and commodity markets, the Read more…
Key Highlights Russia-Ukraine crisis sparked sharp moves in the market. Gold and oil prices rallied and broke many important hurdles. EUR/USD declined heavily below 1.1280, and GBP/USD tumbled below 1.3450. The US GDP increased 7% Read more…