Day: May 3, 2023

Daily Market Outlook, May 3, 2023 Banking sector concerns once again dominated the headlines on Wall Street as regional banks took the brunt of the selling as the regional bank ETF closed out the day down over six percent. Asian equity investors took their lead from Wall Street’s negativity as they mostly traded in the […]

Aussie Rates At Highest Level Since 2012 The Aussie is soaring today on the back of the RBA unexpectedly announcing a fresh rate hike at its May meeting overnight. The bank hiked rates from 3.6% to 3.85%, marking their highest level since 2012, despite having made the decision at the prior meeting to keep rates […]

The Australian dollar against the US dollar has increased abruptly. The current quote is 0.6703. At the meeting today, the Reserve Bank of Australia decided to lift the interest rate by 25 base points to 3.85% per annum. This was unexpected: only 9 economists out of 30 polled by Bloomberg had expected this. In the […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of decline to 1.0963. A correction to 1.0995 could follow today. After it is over, a decline to 1.0925 is expected, from where the wave could continue to 1.0888. The target is local. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair […]

Daily Market Outlook, May 2, 2023 Most major money center’s have reopened after May day public holidays, Wall Street traded in a tight range given the lower overall volumes, Asian equity markets are mixed as investors are positioning for a slew of Central bank meetings for the week ahead. Overnight the Reserve Bank of Australia […]

Title USDJPY H4 | React off 1st resistance Type Bearish Reversal Preference: Price is nearing our pivot point at 137.756 which is swing high resistance that lines up with -61.8% Fibonacci expansion. A reverse from here, price could drop to 1st support at 136.793 which is a pullback support level. Alternative scenario: However, If price […]