Daily Pivots: (S1) 1.3045; (P) 1.3119; (R1) 1.3157; More… Intraday bias in GBP/USD is back on the downside with break of 1.3080 temporary low. Sustained break of 61.8% projection of 1.4248 to 1.3158 from 1.3748 Read more…
Daily Pivots: (S1) 0.9269; (P) 0.9289; (R1) 0.9323; More…. Range trading continues in USD/CHF and intraday bias remains neutral for the moment. Choppy rise from 0.8925 would still be in favor to extend higher as Read more…
Daily Pivots: (S1) 115.91; (P) 116.05; (R1) 116.29; More… USD/JPY’s break of 116.34 resistance confirms up trend resumption. Intraday bias is back on the upside. Current rally should now target next long term resistance at Read more…
Yen is under some broad based pressure in Asia session despite some mild risk aversion sentiment. BoJ is clear to lag behind other major central bank in raising interest rates, due to the still underperforming Read more…
New Zealand BNZ Performance of Manufacturing Index rose from 52.3 to 53.6 in February. Looking at some details, Production rose from 51.1 to 52.1. Employment rose from 49.5 to 51.7. New Orders rose from 53.6 Read more…
RBA Governor Philip Lowe said it’s “plausible” for interest to be lifted from the current 0.1% this year. “It would be prudent to plan for an increase,” he added. “For many borrowers that’s going to Read more…
IMF Managing Director Kristalina Georgieva told CNBC yesterday, “we think that we would be downgrading our growth projections as a result of the crisis (in Ukraine), but we still expect the world to be in Read more…
The horrific developments in Ukraine have turbo-charged commodity prices, a key driver of the AUD. We have made significant changes to our commodity price forecasts. These forecasts are set out the Westpac Market Outlook which Read more…
DXY: On the weekly, prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for further bullish continuation from our 1st support at 97.157 in line with 38.2% Fibonacci Read more…
Key Highlights Crude oil price surged to $131 before there was a sharp decline. It broke a major bullish trend line at $118.50 on the 4-hours chart. EUR/USD corrected losses and climbed above 1.1020. Gold Read more…