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EURUSD reversed from resistance area Likely to fall to support level 1.0800 EURUSD currency pair recently reversed down from the resistance area set between the multi-month resistance level 1.0920 (which has been reversing the price from the start of this year), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward wave B […]

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10/04/2024

RBNZ April 2024 Monetary Policy Review: Staying the Course

Staying the course The RBNZ left the OCR at 5.5% as expected. The record of the meeting states that the risks to the outlook were viewed as “little changed” since the February Statement. The minutes noted the potential for a more flexible approach once inflation returns to the target range and when inflation expectations and […]
12/09/2024

USDJPY Wave Analysis

USDJPY reversed from the support zone Likely to rise to the resistance level 144.00 USDJPY currency pair recently reversed up from the support zone set between the pivotal support level 140.75 (which has been reversing the price from December) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily […]
12/03/2024

US CPI in the Limelight

In focus today The most important release of the day will be the US February CPI. We look for both headline and core CPI to come out at +0.3% m/m SA, slightly below consensus forecast. Markets will focus on non-housing services inflation, which surprised to the upside in January, cooling expectations of rapid rate cuts. […]