The RBA does not want to promise what it will do, but it is increasingly trying to tell us what it thinks. Central banks’ communication is carefully scrutinised for every nuance. Lately, there seems to have been more RBA communication to pore over. The method of delivery has also evolved. This has sometimes caused confusion […]
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Eurozone private-sector growth moderated in October, with PMI Composite falling from 53.1 to 51.9, its lowest level in four months. PMI Manufacturing eased from 52.9 to 52.4, while PMI Services declined from 53.0 to 51.7, Read more…
No change in EUR/USD’s outlook as range trading continues. Intraday bias remains neutral. Further fall is in favor with 1.1276 resistance intact. Below 1.1111 will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, Read more…
USD/JPY breached 156.36 support but quickly recovered. Intraday bias remains neutral first. On the downside, firm break of firm break of 156.36 will argue that rebound from 152.87 has completed after failing to sustain above Read more…