Aussie Eyes Australian Inflation Expectations, Aussie Higher

Markets The ECB updated its wage tracker, published a first time after last December’s policy meeting. The headline indicator’s path is broadly unchanged with wages expected to remain sticky in Q1 and Q2 of this year (4.9% Y/Y and 4.5% Y/Y respectively) before “collapsing” in the second half of next year to 2.2% Y/Y in […]

USDCAD reversed from pivotal resistance level 1.3760 Likely to fall to support level 1.3675 USDCAD currency pair under the bearish pressure after the price reversed down 3 times in a row from the pivotal resistance level 1.3760 (which has been reversing the price from the end of April). Each of the last 3 downward reversals […]

Key Highlights Gold started a downside correction below the $2,650 level. It traded below a key contracting triangle with support at $2,635 on the 4-hour chart. Oil prices trimmed gains from the $78.80 resistance zone. EUR/USD could extend losses unless there is a move above 1.1000. Gold Price Technical Analysis Gold prices failed to extend […]