The Australian dollar climbs as traders wager on a hawkish shift from the Reserve Bank of Australia. On the daily chart, a break above the 30-day moving average suggests improved sentiment in the short term. Read more…
Markets The bond market sell-off took breather yesterday. There were no important data with investors counting down to today’s key US CPI release. Central bankers’ comments were plenty but didn’t alter the market assessment in Read more…
BoJ Governor Haruhiko Kuroda was quoted by Mainichi newspaper saying that “as long as our current price projection lives, there’s no chance we will debate” stimulus exit before his term ends in April 2023. “We’re Read more…
EUR/USD The currency pair is still in a consolidation phase, just above the support level at 1.1409. At the time of writing, neither the bulls nor the bears have managed to gain enough momentum to Read more…
The momentum in Wall Street extended on Wednesday as investors reacted to strong quarterly results by companies like CVS, CME, and Chipotle Mexican Grill. In general, while companies like PayPal, Meta Platforms, and JP Morgan Read more…
Risk appetite was surprisingly strong into the US inflation data, expected to advance to another forty-year high at today’s print. The S&P500 jumped above its 100-DMA, and Nasdaq hit its 200-DMA after pulling out an Read more…
Daily Pivots: (S1) 156.11; (P) 156.48; (R1) 156.77; More… Intraday bias in GBP/JPY stays mildly on the upside for 157.74/158.19 resistance zone Decisive break there will resume larger up trend. On the downside, break of Read more…
Daily Pivots: (S1) 131.70; (P) 131.93; (R1) 132.23; More…. Intraday bias in EUR/JPY remains neutral for the moment. As noted before, corrective pattern from 134.11 should have completed three waves down to 127.36. Firm break Read more…
Daily Pivots: (S1) 0.8419; (P) 0.8435; (R1) 0.8456; More… EUR/GBP is staying in consolidation from 0.8476 and intraday bias remains neutral first. On the upside, break of 0.8476 will resume the rebound from 0.8282 to Read more…
Daily Pivots: (S1) 1.5876; (P) 1.5932; (R1) 1.5962; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. Further rally will remain in favor as long as 1.5776 support holds. Above 1.6223 will resume Read more…