Asia FX steady as Fed cut bets rise; Aussie gains on hot CPI, Kiwi jumps post RBNZ

EUR/USD started a downside correction from 1.1665. USD/CHF failed to clear 0.8000 and recently started a downside correction. Important Takeaways for EUR/USD and USD/CHF Analysis Today · The Euro seems to be facing strong resistance at 1.1665 against the US Dollar. · There is a bullish trend line forming with support at 1.1635 on the…

Health minister Zubir Ahmed become latest Streeting ally to resign, saying Starmer’s position now ‘wholly untenable’ This is from Pippa Crerar, the Guardian’s political editor. double quotation markEXCL: Zubir Ahmed, health minister and another close ally of Wes Streeting, quits calling for Keir Starmer to step aside. Feels like the Streeting bid could be on…

Adani Enterprises Elliott Wave Analysis: Wave IV Pullback Could Offer a Major Buying Opportunity Adani Enterprises is undergoing a deep correction. Our Elliott Wave analysis suggests this is part of a higher-degree Wave IV pullback. The stock saw a strong rally in Wave III, which peaked in 2022. Since then, the price has been correcting…

At Tuesday’s close, the Dow Jones Index (US30) was down 0.04%, while the S&P 500 Index (US500) added 0.03%. The NASDAQ Technology Index (US100) closed positive 0.20%. Yesterday afternoon, equities came under pressure from long liquidations after bond yields rose ahead of the release of the results of the 2-day FOMC meeting on Wednesday. Retail…