The Reserve Bank Board has abandoned its patient approach to policy and given itself sufficient flexibility to raise rates as early as June. This decision will depend on the data over the next two months. Read more…
The AUDUSD has surged to a 9-month high at .7639 (1.15%), following a more hawkish RBA meeting and a lift in the commodity complex overnight. At its meeting this afternoon the RBA kept rates on Read more…
AUD is one of the strongest across the board after recent RBA comments, who want to see more indications that wage growth has significantly picked before moving to tighten policy. So, the potential date for Read more…
A sense of caution has taken hold of financial markets as investors evaluate the prospects of more sanctions on Russia for the alleged destruction in Bucha, a town on the outskirts of Ukraine’s capital. Asian Read more…
Twitter jumped 27% in a single move on the news that Elon Musk took a 9.2% stake in the company. The jump in Twitter shares gave an energy boost to the US equities, especially to Read more…
EUR/USD For the single European currency, the week began with some losses against the dollar. After the market opened, the bulls did not even try to test the resistance at 1.1060 and relinquished control of Read more…
US stocks rose on Monday even as investors remained concerned about the Federal Reserve and the fact that the American economy was slowing. The Dow Jones rose by 53 points while the tech-heavy Nasdaq 100 Read more…
Daily Pivots: (S1) 1.4460; (P) 1.4611; (R1) 1.4691; More… EUR/AUD’s strong break of 1.4533 support confirms resumption of larger down trend. Intraday bias is back on the downside for 1.3624 long term support next. On Read more…
Daily Pivots: (S1) 1.0135; (P) 1.0188; (R1) 1.0220; More…. EUR/CHF’s break of 1.0184 minor support argues that rebound from 0.9970 has completed at 1.0400 already, ahead of 38.2% retracement of 1.1149 to 0.9970 at 1.0420. Read more…
Daily Pivots: (S1) 1.0937; (P) 1.0996 (R1) 1.1031; More… Intraday bias in EUR/USD remains neutral at this point. With 1.0943 minor support intact, rebound from 1.0805 could still extend higher. Break of 1.1184 resistance will Read more…