Key insights from the week that was. In Australia, there was finally a sigh of relief for consumers as October’s Westpac-MI Consumer Sentiment Survey reported a 6.2% increase in the headline index to 89.8, a two-and-a-half year high. The chief culprit behind this improvement was a significant pull-back in interest rate hike fears, as consumers […]
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Markets US September inflation printed hotter than expected and contained some important hawkish details such as rising food prices and accelerating supercore services inflation (to an annualized 3mMA of around 4%). Several Fed officials including Read more…
Daily Pivots: (S1) 1.3695; (P) 1.3735; (R1) 1.3782; More… Intraday bias in USD/CAD remains on the upside as rise from 1.3418 is in progress. Sustained trading above 61.8% retracement of 1.3946 to 1.3418 at 1.3559 Read more…
Daily Pivots: (S1) 0.6714; (P) 0.6728; (R1) 0.6755; More… Intraday bias in AUD/USD remains neutral for the moment. Further decline is expected as long as 0.6809 minor resistance holds. Below 0.6701 will resume the fall Read more…