Aussie hits 5-month high vs US dollar, boosted by hot Australian inflation
The AUDUSD hit new 5-month high on Thursday, following strong bullish acceleration on Wednesday, sparked by unexpected rise in consumer prices in Q4, which signals that the RBA would continue to raise interest rates in coming meetings.…
Read More...
Read More...
Bulls may take some time to eventually break through pivotal barriers at 1.0930/42
The Euro maintains firm tone and continues to pressure pivotal barriers at 1.0930/42 (top of thick weekly cloud / 50% retracement of 1.2349/0.9535).
Overall picture is bullish as the pair is on track for the fourth straight strong monthly…
Read More...
Read More...
Australia inflation rises well above expectations in Q4
Australian annualized inflation rose to 7.8% in the fourth quarter of 2022, from 7.3% in Q3 and beating forecast for 7.5% increase, while quarterly inflation climbed to 1.9% in Q4 from 1.8% in Q3 and against forecasted drop to 1.6%.
The…
Read More...
Read More...
Bitcoin maintains bullish stance after a limited pullback
Bitcoin regained traction after pulling back from new multi-month high (21638) and falling by 2.6% on Wednesday, as more hawkish than expected stance from Fed temporarily soured the sentiment.
Larger bulls remain intact after the pullback…
Read More...
Read More...
Headwinds may delay continuation of larger uptrend
Cable keeps firm tone on Thursday, but holding within about 70-pips range, with little impact from today’s better than expected US data.
Sterling was inflated on Wednesday by UK inflation data which showed persisting inflationary pressures…
Read More...
Read More...
Weak Australian jobs data increase pressure on Aussie after larger bulls got trapped above 0.70…
The AUDUSD holds in red for the second day, following strong upside rejection on Wednesday, when bulls stalled after failing to sustain break above psychological 0.70 barrier and capped by 200WMA / weekly cloud base.
The pair came under…
Read More...
Read More...
EURUSD keeps bullish tone but risk of stall exists
The Euro is constructive and edges higher in European trading on Thursday, but concerns about stall are mounting after the upside attempts were repeatedly rejected in past few days and capped by the upper 20-d Bollinger band.
Strongly…
Read More...
Read More...
US policymakers signal that rates could rise above initially set target to bring inflation under…
The US Federal Reserve is likely on track for further rate hikes, according to the latest remarks from policymakers, who support scenario of interest rates topping 5% despite signs that inflation have peaked, and economic activity is…
Read More...
Read More...
British inflation ticks lower, but price pressures remain high
Inflation in Britain edged lower in December, hitting 10.5% from 10.7% previous month and down from 41-year high (11.1%) in October, but inflationary pressures remain high.
Strong pressure is particularly seen on households, as prices of…
Read More...
Read More...
BoJ stays on hold despite expectations for a start of policy tightening
The Bank of Japan surprised markets with decision to keep ultra-low interest rates, against recent growing expectations to start phasing out its massive stimulus program in the condition of rising inflationary pressure.
The BoJ remains…
Read More...
Read More...