Australia NAB Business Confidence dropped from 10 to 5 in September. Business Conditions rose from 22 to 25. Trading conditions rose from 29 to 38. Profitability conditions was unchanged at 19. Employment conditions dropped from Read more…
Australia Westpac Consumer Sentiment Index dropped -0.9% mom to 83.7 in October. Westpac said the index remains in “deeply pessimistic territory”, at a level comparable to the lows “briefly reached during the pandemic”, and during Read more…
Japanese Finance Minister Shunichi Suzuki reiterated today, “we will take appropriate action if there are any excessive moves” in Yen’s exchange rate. The comment came as Yen threatens to decline further towards the lowest level since Read more…
Fed Vice Chair Lael Brainard said in a speech, “monetary policy will be restrictive for some time to ensure that inflation moves back to target over time.” “It will take time for the cumulative effect Read more…
Key Highlights GBP/USD started a fresh decline from the 1.1500 resistance zone. It traded below a key bullish trend line with support at 1.1175 on the 4-hours chart. EUR/USD, AUD/USD, and NZD/USD faced an increase Read more…
USD/CHF traded above 1.0000 today for the first time since June 15th and is aiming to take out the highs of May 16th at 1.0064. Prior to that, the pair hasn’t traded above parity since Read more…
GBP/USD has been one of our most popular pairs to discuss over the last month. When Chancellor Kwasi Kwarteng announced the plans for Prime Minister Truss’s new “mini-budget” program, markets were concerned as to where Read more…
Short term Elliott Wave view on USDCAD suggests the cycle from 8.11.2022 low is in progress as a 5 waves impulse structure. Up from 8.11.2022 low, wave (1) ended at 1.3208 and dips in wave Read more…
USDCHF under bullish pressure Likely to rise to resistance level 1.0050 USDCHF under the bullish pressure after the earlier breakout of the key resistance level 0.9940 (which has been reversing the pair from the end Read more…
AUDUSD under bearish pressure Likely to fall to support level 0.6200 AUDUSD under the bearish pressure after the earlier breakout of the support zone lying at the intersection of the support level 0.6400 (low of Read more…