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The Australian dollar against the US dollar remains ready to grow. The current quote is 0.6667. Aussie gets supported by the RBA’s decision made yesterday to lift the interest rate. It now amounts to 3.85% per annum. In the comments, the regulator warned the market that inflation remains too high, and the credit and monetary […]

The EU April inflation report that hit the wires on Tuesday, surprised on the downside, albeit slightly, signalling that tight credit conditions are gradually taking effect on demand. Headline inflation, in line with the consensus, accelerated to 7.0% YoY in April from 6.9% in March. Core inflation took a step lower: from 5.7% to 5.6%. […]

Solid Q1 Earnings Beat  HSBC shares are trading firmly higher ahead of the open today after the bank released a bumper set of Q1 earnings. Amidst the return of concerns for the US banking sector on the back of the forced closure of First Republic Bank over the weekend, the results have been welcomed by […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the upper border of the Cloud. The instrument is going inside the Ichimoku Cloud, which suggests a sideways market. A test of the lower border of the Cloud at 1.1005 is expected, followed by growth to 1.1160. A signal confirming the growth will be a rebound from […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are below the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has broken the support line. In this situation, the level of 2/8 (0.6652) is expected to be broken downwards, after which the price could drop to the support at 0/8 […]

TitleAUDUSD H4 | Reverse from a key resistance TypeBearish Reversal Preference:Price has just reversed from our pivot point at 0.67172 which is a pullback resistance that lines up with 61.8% Fibonacci retracement.  If price were to reverse, it could falling to 1st support at 0.66605 which is a pullback support level Alternative scenario:However, if price […]