Daily Pivots: (S1) 1.4386; (P) 1.4464; (R1) 1.4587; More… A temporary low is formed at 1.4318 in EUR/AUD with current recovery, and intraday bias is turned neutral first. Outlook stays bearish as long as 1.4940 resistance holds. Break of 1.4318 will resume larger down trend to 1.3624 long term support next. On the upside, however, […]
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Assistant Governor Karen Silk indicated that RBNZ is likely to slow the pace of monetary easing and incorporate pauses into its rate cycle after February. “There could be pauses built in, but it is definitely Read more…
Key Highlights GBP/USD started an upside correction from the 1.2500 support. It cleared a key contracting triangle with resistance at 1.2600 on the 4-hour chart. Bitcoin tested the $91,000 zone before the bulls appeared. USD/JPY Read more…
Businesses remain very upbeat about the year ahead. There are also some signs that current conditions are gradually improving. Key results (November 2024) Business confidence: 64.9 (Prev: 65.7) Expectations for own trading activity: 48.0 (Prev: Read more…