This week has been rich in terms of interest rate cuts from major central banks. The Reserve Bank of Australia (RBA) didn’t cut its rates but gave an unexpectedly dovish statement, citing that the RBA officials are turning more confident that inflation is on path toward their policy goal. The Bank of Canada (BoC) delivered […]
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Daily Pivots: (S1) 159.08; (P) 159.81; (R1) 160.52; More… No change in EUR/JPY’s outlook. While rebound from 156.16 might extend higher, it’s still seen as a corrective rise. Further decline is expected as long as Read more…
Daily Pivots: (S1) 0.8233; (P) 0.8253; (R1) 0.8279; More… EUR/GBP rebounded strongly ahead of 0.8201 support. Considering the strong momentum, intraday bias is back on the upside for 0.8363 resistance. Decisive break there will be Read more…
Daily Pivots: (S1) 1.6368; (P) 1.6429; (R1) 1.6496; More… Intraday bias in EUR/AUD stays neutral and more consolidations could be seen. But further rally remains in favor as long as 1.6349 support holds. On the Read more…