Australia's CPI data, released yesterday, showcased figures hotter than anticipated. While this may not be 'reaction-worthy' news on its own, the scenario in Australia is worth delving into for several reasons. Inflation Trends Initially, let's consider inflation trends. In most western economies, although inflation remains above central bank targets, the...
The Australian dollar has extended this week's gains. In the North American session, AUD/USD is trading at 0.6357, up 0.36%. Australia releases inflation on a quarterly basis, which magnifies the significance of each release. We'll get a look at third-quarter inflation on Wednesday, with a market consensus of 1.1% q/q, compared to 0.8% in Q2. Inflation is...
We saw some JPY strength last week and I think we could be starting to see reversal, however my confirmation of this will be below 93 support. Even though BoJ hasn't intervened yet, there was a lot of buying in the week which we saw against the USD, I still expect BoJ intervention soon. Nice pinbar rejection on the 4HR from my resistance block. Looking for a...
The Australian dollar lost ground earlier in the day but has pared these losses. In the North American session, AUD/USD is trading at 0.6381, down 0.05%. The markets are braced for a deceleration in consumer and business confidence indicators, which will be released on Tuesday. Westpac consumer confidence change is expected to decline by 0.7% in October,...
The Australian dollar (AUD) has been on a downward trajectory against the Swiss franc (CHF) since the beginning of October 2023. The AUD/CHF exchange rate has fallen from 0.60 to 0.58, representing a decline of over 3%. There are a number of factors that have contributed to this decline. One factor is the ongoing strength of the Swiss franc. The CHF is considered...
Bullish EUR/AUD on Dovish RBA Monetary Policy Reunion The Reserve Bank of Australia (RBA) held its latest monetary policy meeting on October 3, 2023, and decided to keep the official cash rate (OCR) at 4.10%. This was widely seen as a dovish move, as markets had been expecting a 25 basis point rate hike. The RBA's decision was likely influenced by a number of...
The share is making a comeback. Showing some strength after long downtrend. I would accumulate slowly waiting upto a clear confirmation from neckline break in the charts. and most importantly a Golden crossover has already formed. Target price is Rs.200 anytime during the year 2024. Note: Trade with caution! Do not trade solely based on my strategies, these are...
The Australian dollar is in negative territory on Tuesday. In the North American session, AUD/USD is trading at 0.6405, down 0.28%. Australia releases the CPI report on Wednesday. In July, CPI eased to 4.9%, beating expectations and dropping to the lowest inflation rate since February 2022. CPI is expected to rise to 5.2% in August. Inflation remains more than...
NSE:BARBEQUE BARBEQUE 733 TGT 890 SL 660 TF <6 M RR >2 Return > 21% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge...
USD/CAD is trading quietly in Europe at 1.3651, up 0.06%. I expect to see stronger movement in the North American session, with the Bank of Canada making its rate announcement and the US releasing the ISM Services PMI which is expected to show little change. The Bank of Canada is virtually certain to hold rates at today's meeting, with just a 6% probability of a...
The Australian dollar has started the week with slight gains. In Monday's European session, AUD/USD is trading at 0.6464, up 0.21%. The Reserve Bank of Australia is expected to hold interest rates at 4.10% when it meets on Tuesday and a rate hike would be a huge surprise. The central bank has paused for two straight meetings and the odds of a third pause stand at...
The RBA is set to decide on rates tomorrow, with the decision likely to hold cash rate at 4.10% Last month when the RBA held rates, the AUDUSD dropped. Looking for a similar move, especially with the AUDUSD trading along the 0.6465 support level. A break to the downside could see price test the next support level of 0.6380
The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6437, up 0.12% on the day. China's economic slowdown is bad news for the Australian economy, which counts China as its biggest export market. China's imports have been falling and as a result, commodity prices have dropped, hurting Australia's exports of...
Short term 1hr Chart of ASX Futures for monitoring Intraday movements. Useful for tracking high volatility fluctuations, especially during key economic announcements. CAPITALCOM:AU200 ASX:XJO ASX:XVI
Medium-Long term Daily Chart of ASX Futures for monitoring Swing Trades. Useful for tracking overall trend movements. CAPITALCOM:AU200 ASX:XJO ASX:XVI
The Australian dollar continues to swing wildly this week. In Tuesday's European session, AUD/USD is trading at 0.6630, down 1.30%. On Monday, AUD/USD jumped 1% higher. There were no surprises from the Reserve Bank of Australia, which paused for a second straight month and maintained the cast rate at 4.10%. The money markets had priced in a pause but the...
The Australian dollar has started the week with strong gains. In the European session, AUD/USD is trading at 0.6708, up 0.91%. The Aussie has rebounded after falling 1.25% last week. The Reserve Bank of Australia meets on Tuesday and is expected to maintain the cash rate at 4.10%. The past two rate meetings have been close calls and that could be the case at...
Last week was some ride and I feel like I’ve aged 10 years, but what have we learnt? The Fed and the ECB are almost done tightening and market pricing shows this front and centre. In the case of the US, core PCE and the Employment Cost Index (ECI) showed us that price pressures and wages are abating. However, the US Q2 GDP print grew at an above-trend pace (at...