Daily Pivots: (S1) 1.2461; (P) 1.2495; (R1) 1.2522; More… Intraday bias in USD/CAD remains neutral for the moment and outlook is unchanged. Further decline is expected with 1.2591 resistance intact. As noted before, corrective pattern Read more…
Daily Pivots: (S1) 0.7499; (P) 0.7528; (R1) 0.7573; More… AUD/USD’s rally from 0.6966 resumed by breaking through 0.7539 resistance, and hits as high as 0.7629 so far. Intraday bias is back on the upside. As Read more…
Australian Dollar rises broadly after a hawkish twist in RBA statement, which hints at earlier rate hike. New Zealand Dollar is following closely as second strongest for now. On the other hand, Dollar and Euro Read more…
Australian Dollar rises sharply after the hawkish twist in RBA statement. AUD/CAD’s strong break of 0.9460 resistance confirms resumption of whole rise from 0.8906. Near term outlook will now stay bullish as long as 0.9337 Read more…
RBA keeps cash rate unchanged at 0.10% today as widely expected. The central bank dropped the line that “the Board is prepared to be patient as it monitors how the various factors affecting inflation in Read more…
BoJ Governor Haruhiko Kuroda told the parliament today that recent moves in Yen exchange way have been “somewhat rapid”. He added, “it’s extremely important for currency rates to move stably reflecting economic and financial fundamentals.” 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. Inflation has increased sharply in many Read more…
DXY: On the H1 timeframe, prices are approaching a pivot. We see the potential for a dip from our 1st resistance at 98.4931 in line with 50% Fibonacci Retracement towards our 1st support at 97.7490 Read more…
The Federal Reserve publishes the minutes of its March 15-16 policy meeting on Wednesday (18:00 GMT) and investors will be parsing them for any clues about how quickly the balance sheet will be reduced. US Read more…
Key Highlights GBP/USD is struggling below the 1.3200 resistance zone. A connecting bearish trend line is forming with resistance near 1.3135 on the 4-hours chart. EUR/USD must stay above 1.0950 to start a fresh increase. Read more…