Daily Pivots: (S1) 0.6946; (P) 0.6970; (R1) 0.6987; More… AUD/USD’s rally from 0.6680 resumes by breaking through 0.7045 and intraday bias is back on the upside. Further rally should be seen to 61.8% projection of 0.6680 to 0.7045 from 0.6868 at 0.7094, and then 100% projection at 0.7233. For now, further rally will remain in […]
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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…