Daily Pivots: (S1) 0.9706; (P) 0.9761; (R1) 0.9797; More… EUR/USD’s break of 0.9734 minor support should indicate that rebound from 0.9534 has completed at 0.9998. Larger down trend is ready to resume. Intraday bias is back on the downside for 0.9534 first. Firm break there will target 100% projection of 1.0368 to 0.9534 from 0.9998 […]
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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…