On Tuesday, at 04:30 GMT, the Reserve Bank of Australia (RBA) will announce its July monetary policy decision. After two consecutive surprise hikes, most market participants believe that policymakers will step to the sidelines this time, but economists foresee a 25bps hike by a very slim majority. Will the RBA go against market bets for […]
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EUR/USD stayed in consolidation below 1.0810 last week. Initial bias stays neutral this week but further rally is expected as long as 55 4H EMA (now at 1.0744) holds. On the upside, above 1.0810 will Read more…
USD/JPY’s rebound last week suggests that pullback from 160.20 has completed at 151.86 already. It’s now in the second leg of the corrective pattern from 160.20. Further rise could be seen towards 157.98 resistance. On Read more…
GBP/USD dipped to 1.2445 last week but recovered since then. Initial bias remains neutral this week, and further rise is mildly in favor. On the upside, break of 1.2633 will resume the rally from 1.2298 Read more…