Daily Pivots: (S1) 1.7923; (P) 1.8174; (R1) 1.8467; More… A temporary top is formed at 1.8417 with current retreat and intraday bias in EUR/AUD is turned neutral. Downside of consolidations should be contained above 1.7417 Read more…
In focus today In the US, the NFIB’s Small Business Optimism index is scheduled for release. Additionally, focus will be on any softening of the Trump administration’s trade policy stance or any verbal intervention from Read more…
Daily Pivots: (S1) 0.8491; (P) 0.8541; (R1) 0.8621; More… Intraday bias in EUR/GBP remains on the upside for the moment. Current rise from 0.8221 is in progress for 0.8624 key cluster resistance next. Decisive break Read more…
Global market sentiment is showing tentative signs of stabilization. The tone improved slightly as US Treasury Secretary Scott Bessent signaled that for countries choosing not to retaliate, the US has already reached a “maximum tariff Read more…
One of the little-discussed by-products of the massive financial market turmoil since the end of March is who the losers might be. Aside from investors, of course. 💵💰Don’t miss the move: Subscribe to TheStreet’s free Read more…
Australia’s NAB Business Confidence index dipped slightly from -2 to -3 in March, remaining firmly in negative territory. Business Conditions, however, edged up from 3 to 4, a modest improvement that still leaves them slightly Read more…
Australia’s Westpac Consumer Sentiment index plunged -6.0% in April, dropping from 95.9 to 90.1. The steep fall was notably skewed by the timing of the survey in relation to US announcement of reciprocal tariffs on Read more…
Chicago Fed President Austan Goolsbee expressed concern that escalating trade tensions—through tariffs, retaliations, and potential counter-retaliations—could recreate the turbulent economic conditions of 2021–2022 when inflation was “raging out of control.” In an interview with CNN, Read more…
Fed Governor Adriana Kugler emphasized the importance of keeping inflation expectations well anchored in comments delivered to a Harvard economics class. She reaffirmed the Fed’s commitment to the 2% inflation target and stressed “It should Read more…
We continue to see the RBNZ cutting the OCR 25bp to 3.5% tomorrow. But the risks around the outlook have increased, especially due to the darkening global outlook. Key points: We continue to see the Read more…