Core inflation in Australia rose to 3.4% y/y, exceeding both forecasts and the Reserve Bank of Australia’s 2–3% target range, increasing pressure on the central bank to act. Markets are pricing in a high probability (~76%) of a February rate hike, potentially marking a sharp policy reversal less than six months after the last rate […]
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EUR/USD dived to as low as 1.1529 last week but recovered after breaching 1.1576 support briefly. Initial bias remains neutral first and further decline is in favor as long as 1.1740 support turned resistance holds. Read more…
USD/JPY’s rally from 152.25 continued last week and outlook is unchanged. Initial bias stays on the upside this week for retesting 159.44 high. On the downside, below 156.44 support will turn bias neutral first. Overall, Read more…