Consistent with guidance given by Governor Breman in a recent speech, we expect the RBNZ to hold the OCR at 2.25% at the 8 April review. Barring major developments over coming days in the Middle Read more…
President Trump’s hardest Iran decision may not be whether to keep up military pressure. It may be whether to send Americans in after the bombing stops. The Wall Street Journal reported March 30 that Trump Read more…
Longer Middle East disruption lifts peak prices for oil and gas, lengthens recovery. Infrastructure damage exacerbates the shock. Brent oil now expected to peak at an average $120/bbl in Q2 and Japanese LNG prices at Read more…
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Key takeaways Downtrend intact despite policy support: AUD/USD failed to sustain gains after the hawkish RBA boost, reversing sharply from 0.7123 to a three-month low, with the bearish trend remaining intact below the 0.6910 resistance. Read more…
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Daily Pivots: (S1) 209.62; (P) 211.16; (R1) 212.13; More… Intraday bias in GBP/JPY stays on the downside at this point. Corrective pattern from 214.98 should be in the third leg. Deeper decline would be seen Read more…
Daily Pivots: (S1) 182.27; (P) 183.39; (R1) 184.20; More… Risk remains on the downside for EUR/JPY with 185.64 resistance intact. Correction from 186.86 is probably in the third leg already. Break of 181.85 support will Read more…
Daily Pivots: (S1) 0.8674; (P) 0.8687; (R1) 0.8706; More… EUR/GBP’s rebound from 0.8610 is still in progress. A short term bottom should be formed and intraday bias remains on the upside for 0.8788 resistance. For Read more…
Daily Pivots: (S1) 1.6680; (P) 1.6746; (R1) 1.6793; More… Intraday bias in EUR/AUD is turned neutral first with current retreat. On the upside, above 1.6803 will extend the rebound from 1.6125 to 38.2% retracement of Read more…