Gold Wave Analysis

Summary As was widely expected, the FOMC left the fed funds target range unchanged at 5.25%-5.50% at the conclusion of its May meeting. It was evident, however, that the Committee believes inflation’s return to its 2% objective likely has a somewhat longer and uncertain journey ahead. In the post-meeting statement, the Committee noted that “in […]

AUDCHF reversed from key support level 0.5620 Likely to rise to resistance level 0.5730 AUDCHF currency pair recently reversed up from the key support level 0.5620, which has been reversing the pair from the middle of August , stopping earlier waves (5),(1) and 1. The support level 0.5620 was strengthened by the lower daily Bollinger […]

Markets Wednesday’s bumper 50 bps Fed kick-off yesterday resulted in a further steeping of the US curve, with the short end still challenging recent lows. The intraday price dynamics was briefly interrupted by a better than expected Philly Fed business outlook and even more by a decline in the weekly jobless claims (219k from 231k). […]