AUDJPY has been under selling pressure this week, crashing below its 50-day simple moving average (SMA) on Tuesday. However, the price appears to be bouncing off the medium-term ascending trendline today, and the momentum indicators Read more…
Gold plummeted in the face of Powell’s hawkish interest rate rhetoric on Tuesday, reversing March’s gains from 1,858 to pause at 1,809 earlier today. Encouragingly, the precious metal seems to have formed a doji morning Read more…
BoE dove Swati Dhingra warned in a speech that overtightening posses a more material risk now. She called for holding interest rate unchanged. “Overtightening poses a more material risk at this point, through potential negative Read more…
Powell sent the USD much higher yesterday and hinted for a potential 50bp increase on next meetings as inflation is still the main issue while the economy is doing well. However, today Powell has another Read more…
USDJPY jumped into the green territory during the early US trading hours on Tuesday after the Fed chief Jerome Powell told Senate lawmakers that a return to bigger rate hikes is likely. The pair closed Read more…
Daily Pivots: (S1) 1.1996; (P) 1.2023; (R1) 1.2052; More… GBP/USD’s fall from 1.3446 resumed by break through 1.1914 support and intraday bias is back on the downside. Deeper decline would be seen to 38.2% retracement Read more…
BoC is widely expected to stand pat today, and keep the benchmark overnight rate unchanged at 4.50%. Governor Tiff Macklem has explicitly indicated that in inflation comes down as predicted, there is no need to Read more…
Summary of RBA Governor Lowe’s speech on 8th March We are seeking to bring inflation down in a timely way while keeping the economy on an even keel …we do need to be prepared for Read more…
Summary of RBA Governor Lowe’s speech on 8th March We are seeking to bring inflation down in a timely way while keeping the economy on an even keel …we do need to be prepared for Read more…