Category: Cryptocurrencies

Yen is under some broad based pressure in Asia session despite some mild risk aversion sentiment. BoJ is clear to lag behind other major central bank in raising interest rates, due to the still underperforming Read more…

New Zealand BNZ Performance of Manufacturing Index rose from 52.3 to 53.6 in February. Looking at some details, Production rose from 51.1 to 52.1. Employment rose from 49.5 to 51.7. New Orders rose from 53.6 Read more…

RBA Governor Philip Lowe said it’s “plausible” for interest to be lifted from the current 0.1% this year. “It would be prudent to plan for an increase,” he added. “For many borrowers that’s going to Read more…

IMF Managing Director Kristalina Georgieva told CNBC yesterday, “we think that we would be downgrading our growth projections as a result of the crisis (in Ukraine), but we still expect the world to be in Read more…

The horrific developments in Ukraine have turbo-charged commodity prices, a key driver of the AUD. We have made significant changes to our commodity price forecasts. These forecasts are set out the Westpac Market Outlook which Read more…

DXY: On the weekly, prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for further bullish continuation from our 1st support at 97.157 in line with 38.2% Fibonacci Read more…

Key Highlights Crude oil price surged to $131 before there was a sharp decline. It broke a major bullish trend line at $118.50 on the 4-hours chart. EUR/USD corrected losses and climbed above 1.1020. Gold Read more…

Short Term Elliott Wave View in USDCHF suggests the rally from January 13, 2022 low is unfolding as a 5 waves impulse. Up from January 13 low, wave 1 ended at 0.9343 and pullback in Read more…

Although the ECB pledged to speed up the pace of bond tapering, it also increased its forecast for inflation and lowered its forecast for growth. At the February ECB meeting, the central bank reiterated that Read more…