The US dollar extended losses after breaking a long-term ascending channel base yesterday. The British pound rallied on yet another stronger than expected wages growth data released yesterday morning. Average weekly earnings excluding bonuses increased Read more…
4-week of decline has almost reached 31,530 key medium-term support Oversold condition with the formation of hourly bullish “Hammer” Japanese candlestick Key intermediate resistances will be at 32,730 and 33,200 This is a follow-up analysis Read more…
RBA Governor Philip Lowe noted the current economic outlook is a “complex picture” with significant uncertainties”. He said in a speech today, “the Board decided that, having already increased rates substantially, it was appropriate to Read more…
NZD/USD inches higher today, following RBNZ decision to hold its interest rate steady at 5.50%. However, this uptick seems more driven by prevailing slight risk-on sentiment, and a weaker Dollar rather than the central bank’s Read more…
The Monetary Policy Committee today agreed to leave the Official Cash Rate (OCR) at 5.50%. The level of interest rates are constraining spending and inflation pressure as anticipated and required. The Committee agreed that the Read more…
FX volatility might be returning given Wall Street is seeing some exhaustion with several key currency trades. The end of tightening for the advance economies keeps getting delayed and sooner than later it will deliver Read more…
FX volatility might be returning given Wall Street is seeing some exhaustion with several key currency trades. The end of tightening for the advance economies keeps getting delayed and sooner than later it will deliver Read more…
FX volatility might be returning given Wall Street is seeing some exhaustion with several key currency trades. The end of tightening for the advance economies keeps getting delayed and sooner than later it will deliver Read more…