Daily Pivots: (S1) 1.6704; (P) 1.6733; (R1) 1.6762; More… Intraday bias in EUR/AUD remains neutral at this point. More consolidations could be seen. But with 1.7060 resistance intact, outlook stays bearish and further decline is expected. On the downside, break of 1.6620 will resume larger down trend from 1.8554 to 138.2% projection of 1.8554 to […]
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Key insights from the week that was. The Westpac-MI Consumer Sentiment Index lifted modestly in March, up 1.2% to 91.6, still an outright pessimistic reading. The latest survey was in the field over the week Read more…
AUD/USD fell over 1% from a multi-year peak as the US Dollar strengthened amid intensifying safe-haven demand. The hawkish Reserve Bank of Australia (RBA) may limit the downside, driven by escalating inflation pressures. The pair Read more…
Despite yesterday’s more optimistic US CPI report, Markets are now focusing on a bleaker inflationary picture ahead. A major theme in Markets is the progressive repricing for a more persistent and damaging US-Iran-Israel war, which Read more…