RBA left cash rate target unchanged at 0.10% as widely expected. The board maintained that it “will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range.”. For now, Read more…
At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. The global economy is continuing to Read more…
DXY: On the H4 timeframe, prices are on bullish momentum and abiding to a new ascending trendline. We see the potential for bullish bounce from our 1st support at 96.717 in line with 61.8% Fibonacci Read more…
Key Highlights GBP/USD is attempting a recovery wave from the 1.3275 zone. It surpassed a connecting bearish trend line at 1.3370 on the 4-hours chart. EUR/USD could struggle if it stays below the 1.1280 resistance. Read more…
On Wednesday, the Bank of Canada meets and US Fed Chairman Powell testifies in front of Congress. This could add some volatility to the pair! This week, US Fed Chairman Powell will give his semiannual Read more…
The Bank of Canada (BOC) meets on Wednesday this week and is expected to lift rates by 25bps (at the least) to 0.50%. The Bank of Canada (BOC) meets on Wednesday this week and is Read more…
An appetite for FX safe havens overnight led to JPY and CHF outperformance. Despite being a risky currency, the AUDUSD wasn’t far behind, finishing 0.5% higher at .7265. As noted here last week, the AUDUSD Read more…
Hollywood studios face growing pressure to halt business with Putin’s regime as Ukraine invasion continues. Walt Disney Co. (DIS) – Get Walt Disney Company Report is pausing release of its films in Russia as Hollywood faces Read more…
The young manufacturer of luxury electric vehicles has big ambitions to make a big splash. Tesla (TSLA) – Get Tesla Inc Report has managed to establish itself as the center of conversations in and around the Read more…
The young manufacturer of luxury electric vehicles has big ambitions to make a big splash. Tesla (TSLA) – Get Tesla Inc Report has managed to establish itself as the center of conversations in and around the Read more…