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Key insights from the week that was. Beginning in Australia, the RBA March Minutes revealed important developments in the considerations for, and operational framework around, monetary policy. On the former, it appears the RBA Board did not discuss the case for a rate hike in March, focusing solely on the case to remain on hold. […]

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USD/JPY Consolidates Gains, US NFP Report Next

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USDCAD Ticks Higher Within Ascending Channel

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04/07/2024

FTSE 100 index Wave Analysis

FTSE 100 index reversed from key support level 8130.00 Likely to rise to resistance level 8300.00, FTSE 100 index recently reversed up from the key support level 8130.00 (which has been steadily reversing the price from the end of April) – strengthened by the lower daily Bollinger Band and the 50% Fibonacci correction of the […]
28/03/2024

EUR/USD: Bears Probe Through Key Support Zone

The Euro holds in red for the third consecutive day and accelerates lower in early Thursday, cracking pivotal supports at 1.0800/1.0790 zone (former higher base / Fibo 61.8% of 1.0695/1.0981 / base of thick daily Ichimoku cloud). Technical picture is firmly bearish on daily chart (rising negative momentum / Tenkan / Kijun-sen bear-cross) and maintains […]
15/03/2024

Is USDCAD Poised for Another Bullish Round?

USDCAD brings key resistance in focus after rebound Technical signals are encouraging, but a bullish outlook expected above 1.3600 USDCAD made a strong comeback on Thursday, surpassing its simple moving averages (SMAs) and breaching the 1.3500 level after encountering fresh buying around the familiar long-term line from November 2022. The 50% Fibonacci retracement of the […]