Daily Pivots: (S1) 139.16; (P) 139.57; (R1) 140.05; More… USD/JPY is still extending the consolidation from 140.90 and intraday bias stays neutral for the moment. With 138.22 minor support intact, further rally is expected. On Read more…
Further signs of a slowdown in China came from the trade balance. The foreign trade data published in the morning was noticeably weaker than expected. Dollar-denominated exports fell by 7.5% YoY despite a more than Read more…
AUD/USD powers to 1-month high Australian GDP dips to 0.2% RBA expected to deliver more rate hikes The Australian dollar has extended its rally on Wednesday. AUD/USD is trading at 0.6689, up 0.28%. Today’s weak Read more…
AUD/USD powers to 1-month high Australian GDP dips to 0.2% RBA expected to deliver more rate hikes The Australian dollar has extended its rally on Wednesday. AUD/USD is trading at 0.6689, up 0.28%. Today’s weak Read more…
Speaking at a Dutch parliamentary hearing, ECB Governing Council member and Dutch central bank head Klaas Knot highlighted the optimistic stance of financial markets about inflation, and warned about the potential pitfalls. “Financial markets are Read more…
Daily Pivots: (S1) 1.0684; (P) 1.0703; (R1) 1.0731; More… Intraday bias in EUR/USD stays neutral as sideway trading continues. On the downside, break of 1.0634 will resume the corrective decline from 1.1094. Deeper fall should Read more…
Asian stocks crawled higher on Wednesday, following the positive cues from Wall Street overnight after the S&P500 closed at its highest level in 2023. However, markets remain cautious despite hopes for stimulus in China with Read more…
Daily Pivots: (S1) 0.6626; (P) 0.6656; (R1) 0.6701; More… AUD/USD’s rise from 0.6457 is still in progress and intraday bias stays on the upside for 0.6817 key structural resistance. On the downside, though, break of Read more…
Daily Pivots: (S1) 0.6626; (P) 0.6656; (R1) 0.6701; More… AUD/USD’s rise from 0.6457 is still in progress and intraday bias stays on the upside for 0.6817 key structural resistance. On the downside, though, break of Read more…
As BoC meets today, many observers anticipate the bank will maintain its pause, leaving interest rates untouched at 4.50%. However, recent economic developments have injected a dose of doubt into the mix. Market speculation reveals Read more…