Daily Pivots: (S1) 0.9511; (P) 0.9536; (R1) 0.9560; More… USD/CHF’s decline resumed by breaking through 0.9468 and intraday bias is back on the downside. Prior rejection by 55 day EMA is a bearish sign. Strong break of 0.9471 support turned resistance also raises the chance of medium term reversal. Intraday bias is now on the […]
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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…