Minneapolis Fed President Neel Kashkari indicated in a CBS interview over the weekend that any interest rate cut is likely be towards the end of the year. Kashkari emphasized the necessity of gathering “more evidence” to ensure inflation is on a downward trend toward Fed’s target of 2%. “We’re in a very good position right […]
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We now expect the RBNZ to cut the OCR by 50bps to 4.75% at the October Monetary Policy Review. We also expect another 50bps cut to 4.25% at the November Monetary Policy Statement. The projected Read more…
Gold reversed from support level 2625.00 Likely to rise to resistance level 2685.00 Gold recently reversed up from the support level 2625.00 intersecting with the upper trendline of the daily up channel from July (acting Read more…
EURUSD broke key support level 1.1085 Likely to fall to support level 1.1000 EURUSD currency pair recently broke the key support level 1.1085 (which stopped the previous correction ii) coinciding with the 61.8% Fibonacci correction Read more…