The Euro eases on Wednesday after three-day recovery leg from five-year low at 1.0349 showed signs of stall and was capped by falling 20DMA. Rebound was fueled by profit-taking on improved sentiment and expectations for more ECB rate hikes, in attempts to catch up with Fed, however, initial optimism was deflated on concerns that the […]
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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…