AUD/USD Daily Report

AUD/USD Daily Report

Daily Pivots: (S1) 0.6481; (P) 0.6510; (R1) 0.6533; More… AUD/USD failed to break through 0.6536 resistance decisively and intraday bias stays neutral. With 0.6406 support intact, further rally is expected. On the upside, firm break of 0.6536 will resume the rally from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, decisive break […]

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ECB’s Kazaks: Markets should not expect cuts at every meeting

  • Markets should not expect cuts at every meeting.
  • It may well be the case that we pause in July.
  • Inflation seen below 2% for some time, we have to remain vigilant.
  • Further cuts would be fine-tuning unless we shift out of baseline scenario.

Now that the ECB decision is out of the way, we have all the speakers in full swing.

This article was written by Giuseppe Dellamotta at www.forexlive.com.