Daily Pivots: (S1) 1.2831; (P) 1.2867; (R1) 1.2896; More… Range Trading continues in USD/CAD and intraday bias stays neutral at this point. On the downside, break of 1.2818 minor support will resume the fall from Read more…
Markets Trading for the new week took a slow start as US markets were closed in observance of the 4th of July holiday. In Europe only second tier data were scheduled for release. Last week’s Read more…
The Australian dollar was promptly sold off on the confirmation that the RBA hikes rates by 50-bps, as traders seemingly bought the rumour and sold the fact. Summary of the statement Inflation in Australia is Read more…
The RBA Board lifted the cash rate by 50 basis points to 1.35%.That move was expected. The details in the Statement indicate nothing to dissuade us that the next move in August, following the release Read more…
Daily Pivots: (S1) 0.6810; (P) 0.6849; (R1) 0.6905; More… AUD/USD is staying in range of 0.6762/6918 and intraday bias remains neutral first. Strong support could still be seen from 0.6756/60 cluster support to complete the Read more…
Aussie is trading in tight range after RBA delivered the 50bps rate hike as expected, and maintained tightening bias. Euro is currently the stronger one for the day, followed by Sterling. On the other hand, Read more…
RBA raised cash rate target by 50bps to 1.35% as widely expected. It also increased the interest rate on Exchange Settlement balances by 50bps to 1.25%. It also maintains tightening bias. “The Board expects to Read more…
China Caixin PMI Services rose from 41.4 to 54.5 in June, above expectation of 49.0. That’s the highest level since July 2021, signaling strongest upturn in business activity for 11 months. There were renewed increase Read more…
New Zealand NZIER Business Confidence dropped from -40 to -65 in Q2. A net 65% of firms surveyed expected general business conditions to deteriorate. That’s the weakest level since Q1 2020. NZIER said: “For the Read more…
At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points Read more…