Daily Pivots: (S1) 1.6665; (P) 1.6926; (R1) 1.7118; More… Intraday bias in EUR/AUD is turned neutral first as it retreated after hitting 1.7180. Some consolidations would be seen but downside should be contained above 1.6474 Read more…
We have added additional rate cuts at the November and January FOMC meetings to our profile. Our unrevised terminal rate of 3.375% is now seen at end-2025 instead of mid-2026. July’s US employment report unnerved Read more…
Daily Pivots: (S1) 0.9235; (P) 0.9310; (R1) 0.9408; More…. EUR/CHF recovered after hitting 0.9029 and intraday bias is turned neutral for consolidations first. But near term outlook will stay bearish as long as 0.9476 support Read more…
The financial markets continued to see extreme volatility. DOW dropped by over -1000 points overnight, but the global rout seems to have paused for now. Nikkei staged a dramatic 10% rebound in early trading after Read more…
RBA kept its cash rate target unchanged at 4.35%, as widely expected. Maintaining its stance of “not ruling anything in or out,” the highlighted that underlying inflation “remains too high” and stated it will be Read more…
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation remains above target and is proving Read more…
Short Term Elliott Wave View in Oil (CL) suggests that cycle from 4.12.2024 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 4.12.2024 high, wave (1) ended at 72.48 and Read more…
Key Highlights Bitcoin price declined over 20% and even crashed below $50,000. BTC traded below a key bullish trend line with support at $67,500 on the 4-hour chart. USD/JPY tumbled and declined below the 145.00 Read more…
Japan’s nominal wages, or average monthly cash earnings, rose by 4.5% yoy in June, significantly exceeding expectations of a 2.3% yoy increase. This marks the 30th consecutive month of wage growth. More importantly, with CPI Read more…
San Francisco Fed President Mary Daly commented in a forum overnight, stating that “we’ve now confirmed that the labor market is slowing”. She emphasized the importance of ensuring that this slowdown does not turn into Read more…