The forex markets remain subdued in Asian session, with all major pairs and crosses confined within yesterday’s tight ranges, and many still constrained within last week’s bounds. Among the majors, Australian Dollar is showing slight Read more…
Short Term Elliott Wave View in EURUSD suggests cycle from 9.25.2024 high is in progress as a zigzag. Down from 9.25.2024 high, wave A ended at 1.076 and wave B rally ended at 1.09369. Wave Read more…
In the minutes from the November meeting, RBA emphasized “minimal tolerance” for a prolonged period of high inflation, acknowledging the already “lengthy period” of elevated prices. They underscored the need to observe “more than one Read more…
Hybrid – 4 and 5 November 2024 Members participating Michele Bullock (Governor and Chair), Andrew Hauser (Deputy Governor), Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Iain Ross AO, Elana Rubin AM, Carol Schwartz AO, Alison Watkins AM Others participating Sarah Hunter (Assistant Governor, Economic), Christopher Kent (Assistant Governor, Financial Markets) Anthony Dickman (Secretary), David Norman Read more…
BoE MPC member Megan Greene warned during an event overnight that services inflation remains stubbornly high, with wage growth exceeding levels consistent with the 2% inflation target. “There’s some risk that wage growth might be Read more…
The past decade saw a relatively stable housing market with historically low mortgage rates. From 2010 to 2019, mortgages averaged between 3.5 and 5.5%, but COVID-19 lockdowns pushed that average down to 2.7% at the Read more…
Key Highlights GBP/USD extended losses and tested the 1.2600 support. A connecting bearish trend line is forming with resistance at 1.2700 on the 4-hour chart. Bitcoin started a consolidation phase near the $90,000 zone. Oil Read more…
Gold reversed from key support level 2550.00 Likely to rise to resistance level 2650.00 Gold recently reversed up from the support zone located between the key support level 2550.00 (which also reversed the price in Read more…
EURUSD reversed from long-term support level 1.0500 Likely to rise to resistance level 1.0620 EURUSD currency pair recently reversed up from the major long-term support level 1.0500 (which has been steadily reversing the price from Read more…
Most people know Kroger as a local neighborhood grocery store that has prioritized family values in its business since its inception in 1883. Although Kroger is a beloved go-to, it’s also one of the world’s Read more…