Daily Pivots: (S1) 1.1945; (P) 1.1987; (R1) 1.2066; More… Intraday bias in GBP/USD stays neutral, and more consolidations could be seen above 1.1874. Outlook stays bearish as long as 1.2405 resistance holds. On the downside, break of 1.1874 will resume larger down trend to t 100% projection of 1.2666 to 1.1932 from 1.2405 at 1.1671. […]
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RBA delivered a widely expected 25 bps rate cut, lowering the cash rate to 3.85%. In its statement, RBA said the risks to inflation had become “more balanced,” with headline inflation now within the target Read more…
At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent. Inflation continues to moderate. Inflation has fallen substantially since the peak in 2022, as higher interest rates Read more…
China’s central bank lowered its key lending benchmarks for the first time since October, delivering a long-anticipated move to support the economy. PBoC lowered the one-year loan prime rate by 10 bps to 3.0%. The Read more…