Elliott Wave Outlook: FTSE to Signal Market Direction Soon

The Australian dollar is showing little movement on Tuesday. In the European session, AUD/USD is trading at 0.6279, up 0.05% on the day. Australian business confidence jumps, consumer confidence stagnant Australian confidence indicators were mixed on Tuesday. The Westpac consumer sentiment index climbed 0.1% in February to 92.2 points, which means a majority of the […]

Market picture The crypto market has added 1.5% in the last 24 hours, bringing the capitalisation back to the 1.44 trillion level, which has been acting as resistance for the last three weeks. The upward movement has intensified since the beginning of December. Bitcoin rose 9.4% to $37.7K in November, strengthening for the third consecutive […]

  The Consumer Price Index for Australia was released this morning. According to ForexFactory: → CPI in quarterly terms: actual = 1.0%, expected = 0.8%, previous value = 0.6%; → CPI in annual terms: actual = 3.5%, expected = 3.4%, previous value = 3.4%. Rising inflation figures suggest that the Reserve Bank of Australia’s tight […]