Daily Pivots: (S1) 1.6425; (P) 1.6506; (R1) 1.6567; More… EUR/AUD’s fall from 1.6844 is still in progress and intraday bias stays on the downside, with focus on 1.6449 support. Decisive break there will argue that Read more…
The competition between Dollar and Euro for the title of the week’s weakest performer remains intense. Current talking point is particularly on ECB, where economists are increasingly predicting an early rate cut following this week’s Read more…
DXY: The chart for DXY (US Dollar Index) displays a bullish overall momentum. Potential price action suggests a bullish bounce off the 1st support. The 1st support at 103.17 is identified as a pullback support. Read more…
China’s Caixin PMI Manufacturing index climbed from 49.5 to 50.7 in November, surpassing the expected 49.3. According to Caixin’s release, this improvement is attributed to sustained rise in total new work, which helped push production Read more…
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November saw Japan’s Manufacturing PMI finalized at 48.3, a slight decline from October’s 48.7. This figure, reported by S&P Global, indicates a continued contraction in the manufacturing sector, with more pronounced decreases in output and Read more…
RBNZ Deputy Governor Christian Hawkesby provided insights into the central bank’s current monetary policy and the economic outlook in an interview today. He discussed timing of rate cuts, and impact of rising immigration. RBNZ’s revised Read more…
Key insights from the week that was. In Australia, the Monthly CPI Indicator fell 0.3% in October, pulling the annual rate of inflation down from 5.6%yr to 4.9%yr; encouragingly for policy, there were no convincing Read more…
Key Highlights USD/JPY is facing many hurdles near 148.00. A major bearish trend line is forming with resistance near 148.10 on the 4-hour chart. Gold prices jumped toward $2,050 before it faced resistance. Crude oil Read more…
Hey folks, it’s a wrap to yet another month in the 2023 calendar, and I’m guessing you know what that means – time for another episode in the “What To Trade” series. For December, I Read more…