The European Central Bank needs to hike interest rates by 75 basis points at next week's meeting and confirm that it will continue to tighten monetary policy to throttle back runaway inflation. more...
USD enters the week on a firm footing as the US Dollar Index (DXY) anticipates the ECB interest decision on Thursday. ISM non-manufacturing PMI in focus. The daily price was bounced from 103.94 resistance level to below for the secondary correction within the primary bulluish trend to be started. more...
The Australian Dollar has tanked in the aftermath of a hawkish Federal Reserve and Chinese growth concerns ahead of the RBA meeting. Will higher interest rates boost AUD/USD? The daily price broke Ichimoku cloud to below for the primary daily bearish reversal: the price is 0.6770 support level for the bearish trend to be continuing or for the secondary ranging market condition to be started. more...
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