Key insights from the week that was. In an 8-1 vote, the RBA Monetary Policy Board (MPB) delivered its third consecutive rate hike, raising the cash rate by 25bps to its prior peak of 4.35%. The MPB stated that “the conflict in the Middle East has resulted in sharply higher fuel and related commodity prices” […]
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Daily Pivots: (S1) 1.3634; (P) 1.3651; (R1) 1.3683; More… Intraday bias in USD/CAD remains neutral as consolidations continue above 1.3549. Further decline is expected as long as 1.3709 resistance holds. Below 1.3549 will resume the Read more…
The US Non-Farm Payrolls report may be today’s headline event on the economic calendar, but markets are behaving as though the real story lies thousands of miles away in the Strait of Hormuz. For much Read more…
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