The RBA is expected to raise rates by 50bps tomorrow. Australia might end the year with inflation at 7%. Price is attempting a break above the 30-SMA. Australian dollar (6A) futures outlook today is bullish as prices bounce off two-year lows. This move comes ahead of tomorrow’s Reserve Bank of Australia meeting, which is set Read More…
The world’s second-largest gold consumer is trying to reduce gold demand in the country. Global gold prices fell after the announcement. Bears are eyeing May 16 lows on the charts. Gold (GC) futures outlook is bearish as the yellow metal reacts to India’s bid to dampen demand for imported gold. India raised its import tax Read More…
Central bank chiefs are committed to taming inflation despite the economic consequences. Investors worry that Q2 will be just as bad as Q1. The bears are dominating the market on the 4-hour chart. E-mini Nasdaq 100 (NQ) futures outlook today is bearish as investors’ risk sentiment has dried up amid recession worries. At a meeting Read More…
