Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge 
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth 
FxWirePro- Major European Indices 
FxWirePro: GBP/USD slips to four-month low with plenty more downside potential 
FxWirePro: EUR/NZD positions for another climb, eyes 2.0100 level 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
FxWirePro- Major Pair levels and bias summary 
Aussie Eclipse: AUDJPY Slips Below 110.00 as Bearish Momentum Surges 
RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began 
FxWirePro: USD/ZAR remains buoyant, looks to extend gains 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027 
Bank of Japan Holds Rates Steady Amid Iran War Inflation Fears 
The bulls break resistances of 1.0493, likely to make equidistance upmove (2.39%) upon breach above support of 1.0588.
The current prices spike above DMAs, capture dips to add longs.
RSI’s upward convergence signals strength in prevailing rallies that could offer bullish targets of 1.0750 levels.
Stochastic evidences %K crossover that indicates the intensified buying momentum.
Bulls’ attempts of breach above resistances of 1.0514 levels but struggling to sustain above, the upswings rejecting at 21EMA as the major trend puzzling with non-directional swings.
For now, rallies began to rebuild positive momentum, targeting above 1.0600 today.
Well, in the medium term, the pair likely to head towards 1.0750 or above in 1-3 months’ timeframe. The cross remains well below fair value estimates implied by interest rates, commodity prices, and risk sentiment.
AU swap yields 1-3 month: The 3y has probably based at 1.60%, the RBA expected to sit tight at a 1.5% cash rate for some time.
While RBNZ’S ANY further easing bias slightly hard to justify. The RBNZ ended its easing cycle on 10 Nov and will now remain on hold for a long time. That will anchor the short end somewhat (although the 2yr-OCR spread – one measure of stretchedness – has been even higher than the current 50bp during past on-hold periods), with the long end free to follow offshore yields.
Hence, we reckon that the bullish momentum of this APAC pair seems to be intensified, AUD was one of the best performers overnight, AUDNZD rose about 100 pips (traveled from 1.05 to 1.0600 mark) in just 3-4 days.
The FxWirePro currency strength index for AUD strengthened above 125 which is an extremely bullish signal, while NZD appears to be quite bearish. Intraday speculators could get benefitted by these flashes as this tool measures the hourly performance of domestic currency with the basket of other 7 currency peers.
Please follow below weblink for the live updates of the indices:
http://fxwirepro.com/currencyindex
