Daily Pivots: (S1) 0.6445; (P) 0.6461; (R1) 0.6485; More… AUD/USD’s extended rebound and break of 0.6501 resistance suggests short term bottoming at 0.6420. Intraday bias is back on the upside for 06579 resistance. Firm break Read more…
Risk-on sentiment extended through Asian session, from intensifying bets on December Fed rate cut. The shift in sentiment sent US stocks higher overnight, and pushed 10-year yield briefly below 4% handle. Kiwi and Aussie are Read more…
The RBNZ cut the OCR by 25bps to 2.25%. The decision was made following a 5 – 1 vote, with one MPC member voting to hold the OCR at 2.5%. The RBNZ’s OCR forecast profile Read more…
Key Highlights Bitcoin started a recovery wave above $85,000 and $86,500. BTC/USD cleared a key bearish trend line with resistance at $86,800 on the 4-hour chart. Ethereum also started a decent increase above $2,800. XRP Read more…
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AUD/NZD tumbled sharply today as markets digested two major releases: RBNZ’s widely expected 25bps cut and Australia’s stronger-than-forecast CPI print. Despite the upside surprise on inflation, AUD buying was no match for the hawkish tone Read more…
This is the market report as of 4 pm ET on Tuesday, November 25. The market continued to build upon its gains from Monday, and despite the Nvidia lull, it remained relatively calm. The S&P Read more…
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Australia’s CPI accelerated more than expected in October, rising from 3.5% yoy to 3.8%, beating expectations of 3.6%. Underlying pressure also firmed, with trimmed mean CPI moving up from 3.2% to 3.3%. Both goods and Read more…
President Donald Trump has made it perfectly clear that the Federal Reserve and particularly Fed Chair Jerome Powell are not doing his bidding. Since taking office in January, the president has been demanding the independent Read more…