Daily Pivots: (S1) 1.4850; (P) 1.4950; (R1) 1.5007; More… Intraday bias in EUR/AUD is mildly on the downside for the moment. Rebound from 1.4561 could have completed at 1.5327, ahead of 1.5354 support turned resistance. Deeper fall would be seen back to retest 1.4561 low. However, break of 1.5085 minor resistance will turn bias back […]
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RBA hikes cash rate to 4.1% in a 5:4 vote. Perceived capacity pressures and inflationary impacts of the Middle East conflict were key concerns. As was widely expected, the RBA Monetary Policy Board (MPB) raised Read more…
The early spike in oil prices faded throughout yesterday’s trading session, pulling both US and Brent crude below the $100pb mark on news that a few tankers could transit through the Strait of Hormuz. There Read more…
In focus today Focus remains on tensions in the Middle East and its impact on energy markets. In Germany, we will receive the ZEW survey data for March. Recent months have shown an improvement in Read more…