BNM: Overnight Policy Rate Left On Hold
May-08 07:06
Bank Negara Malaysia left the Overnight Policy Rate unchanged at 3.00%, in line with consensus. Prio...
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MNI EXCLUSIVE: The BOJ is keeping an eye on Fed hawkishness
Apr-08 07:03
The BOJ is keeping an eye on Fed hawkishness. On MNI Policy MainWire now, for more details please contact sales@marketnews.com
AUDUSD TECHS: Bearish Outlook
Apr-08 07:02
- RES 4: 0.6409 High Dec 9 and a key resistance
- RES 3: 0.6389 High Apr 3
- RES 2: 0.6283 50-day EMA
- RES 1: 0.6127/0.6219 High Apr 7 / Low Mar 31
- PRICE: 0.6059 @ 08:01 BST Apr 8
- SUP 1: 0.5931 1.764 proj of the Sep 30 - Nov 6 - 7 price swing
- SUP 2: 0.5900 Round number support
- SUP 3: 0.5830 2.000 proj of the Sep 30 - Nov 6 - 7 price swing
- SUP 4: 0.5729 2.236 proj of the Sep 30 - Nov 6 - 7 price swing
The latest steep sell-off in AUDUSD cancels a recent bullish theme and instead, confirms a resumption of the downtrend that started late September last year. Monday’s fresh cycle low reinforces a bear theme. A key support at 0.6088, the Feb 3 low, has been broken. This paves the way for an extension towards 0.5931 next, a Fibonacci projection. On the upside, resistance to watch is at 0.6219, the Mar 31 low.
GILTS: Opening calls
Apr-08 06:57
Gilt Calls, 91.69/91.75 range.
