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Markets A barrage of Chinese monetary stimulus measures lifted the likes of the CSI 300 with more than 4% and jumpstarted European dealings too. The EuroStoxx50 rose as much as 1.4%, lead by consumer discretionary/luxury sector, before paring gains to around 1% currently. WS opened slightly higher. The risk-on environment leaves some traces on bond […]

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AUD/USD Outlook: Dips After Less Hawkish RBA, But Larger Bulls Remain Intact

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China’s Stimulus Boosts Yuan and Shares

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15/03/2024

Week Ahead – Five Central Banks: Who Will Hike, Who Will Not Cut?

Fed meets on Wednesday with focus on new dot plot Will the Bank of Japan finally end negative rates on Tuesday? BoE and RBA to stick with patience, SNB might be in more of a rush to cut Flash PMIs plus inflation data in the UK, Japan and Canada will also be crucial Fed decision: […]
16/05/2024

Gold Retreats After Hitting Upper Bollinger Band

Gold remains bullish in near term RSI moves horizontally below 70 level Gold prices recorded their second session of losses in the 4-hour chart after a failed attempt to break significantly above the 2,400 round level. Chances for a reversal are increasing as the RSI is pointing south after the climb in the overbought region, while […]
08/10/2024

Gold Bulls Take a Rest After Rallying

Gold’s pace moderates within triangle prior to Thursday’s CPI inflation data Technical signals favor the bears, but the trend may remain positive Gold held within the range of 2,624-2,670 despite the upbeat US jobs data last Friday, forming a symmetrical neutral triangle at the top of its broad uptrend. Falling technical indicators suggest that buying sentiment is […]