Daily Pivots: (S1) 1.5841; (P) 1.5922; (R1) 1.5983; More… Intraday bias in EUR/AUD stays neutral for the moment. As long as 1.5776 minor support holds, further rise remains mildly in favor. Above 1.6002 will turn Read more…
DXY: On the H4 timeframe, prices are abiding by a daily ascending trendline and are on bullish momentum. We see the potential for a pullback from our 1st resistance at 96.265 in line with 50% Read more…
Daily Pivots: (S1) 1.0423; (P) 1.0469; (R1) 1.0499; More…. Immediate focus is now on 1.0439 support in EUR/CHF. Firm break there should confirm that rebound from 1.0298 has completed, ahead of 38.2% retracement of 1.1149 Read more…
The forex markets are pretty steady in Asia session today, with major pairs and crosses bounded inside yesterday’s range. Sentiment is mixed as investors are awaiting to see Russia would invade Ukraine on February 16, Read more…
Gold rises further to as high as 1878.84 so far today. The break of 1877.05 resistance indicates resumption of whole rally from 1682.60. Further rally will be expected as long as 1850.63 support holds. 1916.30 Read more…
Key Highlights GBP/USD is still struggling to clear the 1.3600 resistance zone. It traded below a crucial bullish trend line with support near 1.3550 on the 4-hours chart. EUR/USD is showing a few bearish signs Read more…
The minutes of the Reserve Bank’s Board meeting for February support the “patient” rhetoric of earlier communications. There is some new information on the treatment of the balance sheet although balance sheet action does not Read more…
In the minutes of February 1 meeting, RBA reiterated that it “will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target band.” It’s “too early to conclude that it Read more…
Videoconference – 1 February 2022 Members present Philip Lowe (Governor and Chair), Guy Debelle (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Carol Schwartz AO, Alison Read more…
Japan GDP grew 1.3% qoq in Q4, slightly below expectation of 1.4% qoq. In annualized term, GDP grew 5.4%, below expectation of 5.8%. Private consumption grew 2.7% qoq, accounting for much of the growth. Capital Read more…