After raising interest rates by another 50bps in September, the RBA meets again to decide on monetary policy this Tuesday at 03:30 GMT. Following remarks by Governor Philip Lowe that the pace of rate hikes Read more…
The antipodean central banks will kick off the new month with their October policy decisions, but the latest jobs report out of the US could steal the limelight amid the never-ending anticipation of when the Read more…
US It remains all about the Fed as it continues down an aggressive tightening path. Wall Street will now fixated on how quick this economy is going to weaken. A weakening consumer will help drive Read more…
AUD/USD slides over flight to safety The Australian dollar slips as commodities fall amid recession fears. The latest CPI showed annual inflation easing slightly in August, which may convince policymakers that they are on the Read more…
Global markets have returned to the downward trend, helped by a series of disappointing data over the last week. Although so far today there is apparently an attempt at a rally, that is likely more Read more…
Billionaire Richard Branson’s companies have always been trendsetters and now Virgin Atlantic made a move to support its employees. Companies carrying the Virgin name have generally been trendsetters that seek to disrupt the industries they Read more…
Daily Pivots: (S1) 144.07; (P) 144.44; (R1) 144.80; More… Intraday bias in USD/JPY stays neutral as consolidation from 145.89 is extending. Further rally is expected as long as 139.37 resistance turned support holds. Break of Read more…
Daily Pivots: (S1) 0.9717; (P) 0.9786; (R1) 0.9823; More… Intraday bias in USD/CHF stays neutral as corrective trading from 0.9964 continues. On the upside, above 0.9964 will resume the rally from 0.9369 to retest 1.0063 Read more…
Daily Pivots: (S1) 1.0881; (P) 1.1000; (R1) 1.1238; More… GBP/USD’s rebound from 1.0351 is still in progress and intraday bias stays mildly on the upside. Further rise could be seen to 61.8% retracement of 1.2292 Read more…
Daily Pivots: (S1) 0.9694; (P) 0.9755; (R1) 0.9874; More… Intraday bias in EUR/USD remains neutral at this point, and outlook stays bearish with 0.9863 support turned resistance intact. Break of 0.9634 will suggest that larger Read more…