Daily Pivots: (S1) 126.76; (P) 127.49; (R1) 127.96; More… USD/JPY is still extending the consolidation from 129.39 and intraday bias remains neutral for the moment. Deeper retreat could be seen but downside should be contained Read more…
Daily Pivots: (S1) 1.2731; (P) 1.2780; (R1) 1.2874; More… USD/CAD’s rally from 1.2401 is still in progress and intraday bias stay s on the upside for 1.2899 resistance. Break there will target 1.3022 fibonacci level Read more…
Daily Pivots: (S1) 0.7086; (P) 0.7157; (R1) 0.7196; More… A temporary low is formed at 0.7116 in AUD/USD and intraday bias is turned neutral first. But near term outlook will remain cautiously bearish with 0.7342 Read more…
Yen and Dollar are both staying in the driving seat as risk-off sentiment continues to dominate the markets. Sterling remains the worst performing one, followed by Euro, with selling focus mainly on them. Australian Dollar Read more…
NASDAQ lost -3.95%% overnight and closed at a new 2022 low. The development suggests that whole corrective fall from 16212.22 is resuming. More importantly, a key medium term fibonacci support at 38.2% retracement of 6631.41 Read more…
Australia CPI rose 2.1% qoq in Q1, accelerated from Q3’s 1.3% qoq, above expectation of 1.7% qoq. For the 12-month period, CPI accelerated to 5.1% yoy, up from 3.5% yoy, above expectation of 4.6% yoy. Read more…
DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 102.441 where the 78.6% Fibonacci retracement is to Read more…
Headline CPI 2.1%qtr/5.1%yr; trimmed mean 1.4%qtr/3.7%yr, weighted median 1.0%qtr/3.0%yr. The 1.4% rise in core inflation captures the broad nature of the inflationary pulse with more than 60% of the components in the CPI now running Read more…
This morning’s release of March quarter Australian inflation data smashed already elevated expectations. The stunning beat firms up the chances that the RBA will raise interest rates at its monthly board meeting next week for Read more…
Key Highlights Gold price started a fresh decline and traded below $1,920. It traded below a key bullish trend line with support near $1,955 on the 4-hours chart. EUR/USD extended decline below 1.0700, and GBP/USD Read more…