Australian business confidence has collapsed at a pace only seen during the GFC and COVID, highlighting the immediate impact of Middle East tensions on sentiment. NAB Business Confidence plunged from 0 to -29 in March, Read more…
Australian consumer sentiment has collapsed back to crisis-era levels as fuel prices and rising interest rates bite. but the RBA is still expected to press ahead with rate hikes as inflation remains the dominant concern. Read more…
Key Highlights AUD/USD started a fresh increase above 0.7000. A key bullish trend line is forming with support at 0.6980 on the 4-hour chart. GBP/USD extended gains above the 1.3500 resistance. WTI Crude Oil prices Read more…
The overall bias for USD/CHF has turned decidedly bearish in the short to medium term following a significant rejection at the 0.80000 psychological handle. The pair is currently testing a critical support level at 0.78285, Read more…
Oil drops below $100 as US-Iran talks are set to resume on Thursday After gapping higher to $105 at the globex open, anxiety shot up but the negotiations talks helped a significant correction back to Read more…
The AUD/USD technical outlook is decidedly bullish, with the path of least resistance to the upside. The pair successfully broke out above the primary descending trendline on the Daily chart. Bullish momentum is reinforced by Read more…
The dollar opened higher on Monday, following fresh signs of escalation in the Middle East after US/Iran peace talks failed, but lacked strength to maintain gains, reversing a good part of its overnight advance during Read more…
USDCHF: ⬇️ Sell USDCHF broke daily up channel Likely to fall to support level 0.7745 USDCHF currency pair recently broke the daily up channel from the start of March – which accelerated the active impulse Read more…
EURJPY: ⬆️ Buy EURJPY broke resistance zone Likely to rise to resistance level 190.00 EURJPY currency pair recently broke through the resistance zone between the resistance level 186.0 (top of wave b from February) and Read more…
S&P 500: ⬆️ Buy S&P 500 broke the resistance level 6700.00 Likely to rise to resistance level 7000.00 S&P 500 index recently broke the resistance level 6700.00 – which was set as the upward target Read more…