The Reserve Bank of Australia is expected to raise interest rates by another 50 basis points when it concludes its meeting at 04:30 GMT Tuesday. Markets assign an 80% probability for such an action, so Read more…
Markets A sigh of relief went through markets today as the first full trading week of July marked a stark difference to the volatile mood swings witnessed in June. The first part of that month Read more…
The founder of e-commerce giant Amazon is watching closely as the Biden administration fights inflation at a 40-year high. Jeff Bezos is no longer the CEO of Amazon (AMZN) – Get Amazon.com Inc. Report. But Read more…
Daily Pivots: (S1) 1.0366; (P) 1.0428 (R1) 1.0489; More… Intraday bias in EUR/USD stays neutral for the moment. Further decline is expected as long as 1.0614 resistance holds. On the downside, sustained break of 1.0339/48 Read more…
Daily Pivots: (S1) 1.1990; (P) 1.2087; (R1) 1.2197; More… Intraday bias in GBP/USD remains neutral for the moment. Further fall is mildly in favor with 1.2187 minor resistance intact. Break of 1.1932 will resume larger Read more…
Daily Pivots: (S1) 134.66; (P) 135.33; (R1) 135.90; More… USD/JPY is staying in consolidation below 136.99 and intraday bias stays neutral first. Considering bearish divergence condition in 4 hour and daily MACD, a deeper correction Read more…
Daily Pivots: (S1) 0.9543; (P) 0.9593; (R1) 0.9644; More… Intraday bias in USD/CHF stays neutral and outlook is unchanged. Price actions from 1.0063 are still seen as a consolidation pattern. On the upside, break of Read more…
Australian Dollar recovers broadly today, following recovery in European markets. Meanwhile, traders are also preparing for tomorrow’s RBA rate hike. New Zealand Dollar is also mildly firmer. On other hand, Yen is turning softer with Read more…
WTI closed last week with minor changes, close to $107. The dynamics of the previous two weeks indicate a timid attempt to return to the bullish trend after the correction. However, there are more signs Read more…
AUDUSD switched to a bullish mode after stepping again on the bottom line of the 2021 bearish channel at 0.6765 last Friday. The pair has almost recouped Friday’s loss ahead of the RBA rate decision due on Read more…