DXY: The DXY (US Dollar Index) chart currently demonstrates bullish momentum, indicating the potential for a bullish continuation towards the 1st resistance level. The 1st support level at 105.63 is considered significant due to its alignment with an overlap support and the 23.60% Fibonacci Retracement level. This support level has the potential to act as […]
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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…