By Andrew M Spencer — Feb 06 - 08:40 PM
Sydney market is looking for a 25pt hike cautiously hawkish RBA
RBAWATCH prices a 25pt hike at 94.46% from 91.8% late on Monday
Yields to peak at 3.82% in October from a 3.78% peak late Monday
+0.2%, as risk gently appetite resurfaces in Asia - firmer commodities
Stocks edge higher Nikkei +0.15%, AsiaxJP stocks +0.35%, E-mini S&P +0.25%
Charts; momentum studies slide, 5, 10 & 21 DMAs crest or fall
21 day Bollinger bands flat line - net negative setup
0.6835 lower 21 day Bollinger band is first major support
Resistance starts at 0.6915 New York high, then Monday's 0.6948 Sydney high
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary