Daily Pivots: (S1) 0.7039; (P) 0.7152; (R1) 0.7227; More… AUD/USD’s rebound lost steam after hitting 0.7265 and retreats sharply. Intraday bias is turned neutral at this point. Outlook is unchanged that fall from 0.7660 is the third leg of the corrective pattern from 0.8006. On the downside, below 0.7029 will target 0.6966 low first. Firm […]
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This week has been dominated by risk-on sentiment in markets following the positive outcome of the US and China trade negotiations during the weekend in Geneva. The cuts to tariff rates were larger than we and Read more…
Key insights from the week that was. In Australia, Westpac-MI Consumer Sentiment rose 2.2% to 92.1% in May, representing a partial rebound from a subdued result in April that partly captured President Trump’s ‘Liberation Day’. Read more…
President Trump has a Tim Cook problem; at least that’s how he sees it. The president of the United States recently revealed that he isn’t happy with the CEO of Apple (AAPL) , specifically a decision Read more…