AUDUSD extends pullback from four month high (0.6690) into second straight day, additionally pressured from decision of Australian Central Bank to keep interest rates unchanged. Although the RBA’s statement kept hawkish bias, traders were disappointed Read more…
Gold price experienced a notable turnaround, gaining fresh bids after a $125 pullback from its recent peak. Federal Reserve Chair Jerome Powell’s recent speech suggested a reluctance towards aggressive rate cuts, dampening speculations of immediate Read more…
RBA maintains cash rate at 4.35% Australian dollar extends slide The Australian dollar is down sharply for a second straight day. In the European session, AUD/USD is trading at 0.6561, down 0.88%. The Australian dollar Read more…
Daily Pivots: (S1) 146.48; (P) 146.97; (R1) 147.70; More… Intraday bias in USD/JPY remains neutral for consolidation above 146.22 temporary top. Further decline is expected as long as 148.50 resistance holds, even in case of Read more…
Daily Pivots: (S1) 0.8678; (P) 0.8717; (R1) 0.8766; More…. Intraday bias in USD/CHF stays neutral and outlook is unchanged. Another fall is in favor as long as 0.8769 minor resistance holds. Below 0.8665 will resume Read more…
Daily Pivots: (S1) 1.2582; (P) 1.2654; (R1) 1.2703; More… GBP/USD is still bounded in range of 1.2590/2731 and intraday bias remains neutral. On the upside, decisive break of 1.2731 will resume the rally from 1.2036 Read more…
Daily Pivots: (S1) 1.0795; (P) 1.0845; (R1) 1.0886; More… EUR/USD’s fall from 1.1016 is still in progress and intraday bias remains on the downside. Next target is 55 D EMA (now at 1.0770. Sustained break Read more…
Commodity currencies, particularly Australian Dollar, are experiencing notable selling pressure today. However, it should be noted that European investor sentiment, while not explicitly full-blown risk-on, clearly lacks the typical features of risk aversion. In the Read more…
Updated at 7:48 AM EST CVS Health (CVS) – Get Free Report shares jumped Tuesday after the group boosted its quarterly dividend, while forecasting stronger-than-expected 2024 sales. The health-care and drugstore group looks to streamline its broader Read more…
Ethereum jumps to its highest since May 2022 Advance eases as oscillators point at overbought conditions ETHUSD (Ethereum) has experienced a strong rally since late October, which propelled the price to a fresh 18-month peak of Read more…