Daily Pivots: (S1) 156.17; (P) 156.70; (R1) 157.54; More… Intraday bias in GBP/JPY remains mildly on the upside at this point. Corrective pattern from 158.19 could have completed with three waves to 150.95 already. Further rise would be seen to 158.04/19 resistance zone. Decisive break there will resume larger up trend. On the downside, below […]
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RBA Governor Michele Bullock pushed back against the market’s initial interpretation of a divided board, emphasizing that the 5–4 split in the decision on today’s 25bps hike reflects a debate over “timing” rather than “direction”. Read more…
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RBA delivered a widely expected 25bps hike to 4.10%, but the real surprise lay in the 5–4 split decision, exposing a deeply divided board. The narrow margin suggests that while policymakers are concerned about inflation, Read more…