Daily Pivots: (S1) 1.1436; (P) 1.1482; (R1) 1.1549; More…. Intraday bias in EUR/USD remains neutral for the moment, and more consolidations could be seen above 1.1408 temporary low. But further decline is expected as long Read more…
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…
Daily Pivots: (S1) 1.3249; (P) 1.3295; (R1) 1.3365; More… GBP/USD dips mildly as recovery from 1.3216 lost momentum, but holds well above this support. Intraday bias stays neutral and more consolidations could be seen. Risk Read more…
Dollar edged higher today as fresh Iranian strikes on UAE energy infrastructure revived concerns over global oil supply, tempering the cautious optimism seen earlier in the week. While the move has not triggered a full Read more…
AUD/NZD broke higher today as Aussie strength accelerated following Governor Michele Bullock’s clarification that the RBA’s split decision was about timing rather than direction. The pair initially dipped after the surprise 5–4 vote, but sentiment Read more…
RBA Governor Michele Bullock pushed back against the market’s initial interpretation of a divided board, emphasizing that the 5–4 split in the decision on today’s 25bps hike reflects a debate over “timing” rather than “direction”. Read more…
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RBA delivered a widely expected 25bps hike to 4.10%, but the real surprise lay in the 5–4 split decision, exposing a deeply divided board. The narrow margin suggests that while policymakers are concerned about inflation, Read more…