The market is retracing down below the 50 and 100 DSMAs. A break below 1455.50 swing low could open the doors to further losses towards the 1400 handle. Source link
Post BoE rate decision GBP has seen significant losses. The bearish technical pattern on the chart could break even lower.   After the Bank of England (BoE) rate decision where the vote...
Rabobank analysts point out that the Germany has become increasingly dependent on exports for its economic performance, supported by an initially strong competitive position and robust demand for...
DXY extends the upbeat mood to 4-day highs. US 10-year yields climbed to 1.80%. ISM Non-Manufacturing, Trade Balance, Fedspeak on the docket. The Greenback, when tracked by the US Dollar Index...
New Zealand's Treasury revised neutral interest rate forecasts lower by 75 basis points.  Treasury warned about downside risks to the economy.  NZD/USD is showing resilience to negative newsflow.  NZD/USD continues to march...
The US Dollar Index (DXY) remains under heavy bearish pressure as this past month of October was the worst for DXY in 21 months.  However, the bullish bias should remain in...
The Institute for Supply Management's (ISM) Manufacturing Purchasing Managers' Index (PMI) Index came in at 48.3 in October, below expectations but above September’s reading. Along with other PMIs,...
Annual core inflation fell to 1.7% in September as expected. US Dollar Index remained apathetic to the data.  The United States (US) Bureau of Economic Analysis on Thursday reported that...
EUR/USD climbs further to the 1.1120/25 band on Wednesday. EMU, German data next of relevance in the docket. The Fed is expected to cut rates by 25 bps later today. The...
Catherine Birch, analyst at ANZ, notes that following a sustained period of strength, Australia’s construction employment declined over the past year, especially so in NSW and Vic. Key Quotes “This...