Daily Pivots: (S1) 0.6687; (P) 0.6711; (R1) 0.6744; More… No change in AUD/USD’s outlook as further decline is in favor with 0.6759 minor resistance intact. Fall from 0.6870 short term top would target 55 D Read more…
Today’s Asian trading session has been relatively subdued. Japan reported deeper-than-expected contraction in household spending, while Tokyo CPI core showed slowdown in line with market expectations. However, Yen’s near-term rebound seems to be losing steam Read more…
Talking Points US Crude Oil falls after Saudi Arabia cuts prices Technical Analysis Weekly Chart Technical Analysis 8-Hour Chart Crude Oil prices ended 2023 with 3 months of consecutive declines, prices fell from a peak of Read more…
DXY: The DXY (US Dollar Index) chart currently displays an overall bearish momentum which is highlighted by the bearish channel. In this context, there is a potential scenario for price to make a bearish continuation Read more…
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Key Highlights Gold prices started a fresh decline from the $2,088 resistance. A key bearish trend line is forming with resistance near $2,050 on the 4-hour chart. Crude oil prices are also struggling to rise Read more…
Australia retail sales rose 2.0% mom to AUD 36.5B in November, above expectation of 1.2% mom. That followed a fell of -0.4% mom in October. Robert Ewing, ABS head of business statistics, attributed this surge Read more…
Japan’s Tokyo CPI core, which excludes fresh food, slowed from 2.3% yoy to 2.1% yoy in December, aligning with market expectations. This figure represents the lowest reading since June 2022 and marks the second consecutive Read more…
Fed Governor Michelle Bowman indicated yesteday her willingness to consider the possibility that the current policy rate might be adequately restrictive to further reduce inflation. “My view has evolved to consider the possibility that the Read more…
The Las Vegas Strip’s residency headliners’ careers range from superstars whose careers launched in the new millennium to star singers who headlined as far back as the early 1960’s. Recent residency headliners who became stars Read more…