Monthly: Holding within an Expanding Wedge formation than has a bias to eventual break to the upside. The Ichimoku Cloud stalled rallies on three occasions in 2017. Strong selling pressure in February has left a Marabuzo level at 85.36 (half the nett losses from 87.94 to 82.78) Weekly: Holding within a bearish channel formation. We have ...
Battle of The Weakest Over the last three months, AUDJPY has appreciated considerably with price printing one-year highs above 87 in December as JPY weakness was amplified in the wake of the US election and FOMC rate hike. However, JPY and AUD were the two worst performing G10 currencies over that period which limited both the upside and the ...
The Reserve Bank of Australia decided to keep the current policy unchanged in its meeting earlier today at 1.5% as widely expected, despite the fact that the Labour Market in Australia is showing clear signs of slowing down over the past three months. However, the Aussie continued to decline back and slipped below 0.7450. In today’s article, we ...
The first trading day of the week has no significant economic releases. The global markets are therefore expected to trade in a narrow range throughout the day after a long weekend in the US, and ahead of key economic releases this week. On Tuesday, traders will be looking for many economic releases in Asia, Europe, and the US, which is set to ...
The significant move in global markets at the end of last week was due to the latest developments in the US regarding Hillary Clinton's email investigation. The market is bracing for many economic releases and events this week, which are likely to have a significant impact on the markets ahead of the US elections. We must also keep in mind that ...
During the Asian session today, all eyes were on inflation figures from Australia which, unlike other nations, publishes inflation data on a quarterly rather than monthly basis. Today’s figures showed a positive surprise, which sent the Aussie higher across the board. Why? And what do we know? The answers are below. Definition Consumer Price ...
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