We now expect RBA to hike in June and August as well as May, given the longer Middle East conflict and early signs of strong second-round pass-through from fuel to other prices. We have revised Read more…
The Australian dollar finally breached the key 0.6890/6900 support area late last week, and while downside momentum hasn’t accelerated meaningfully through this level, it is trading heavy. Four weeks of conflict are forcing a harder Read more…
Gold pares gains below uptrend line on softer Dollar. Dip‑buyers emerge, but upside remains limited. Momentum signals maintain a neutral‑to‑bearish stance. Gold is holding steady near 4,500 on Monday, attempting to build on last session’s Read more…
Daily Pivots: (S1) 0.9168; (P) 0.9186; (R1) 0.9214; More…. Intraday bias in EUR/CHF stays on the upside at this point. Rise from 0.8979 short term bottom is in progress to 61.8% retracement of 0.9394 to Read more…
Daily Pivots: (S1) 1.1491; (P) 1.1520; (R1) 1.1537; More…. Range trading continues in EUR/USD and intraday bias remains neutral. Further decline is expected with 1.1666 cluster resistance (38.2% retracement of 1.2081 to 1.1408 at 1.1665) Read more…
Daily Pivots: (S1) 1.3860; (P) 1.3880; (R1) 1.3915; More… Intraday bias in USD/CAD remains on the upside for the moment. Current rally from 1.3480 is in progress for 38.2% retracement of 1.4791 to 1.3480 at Read more…
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Markets The TACO-trade met it’s maker. “Iran Never Chickens Out” pushed the US tech-heavy Nasdaq index into correction territory last week, trading around 12.50% off the all-time high reached in January (20948 close vs 24020). Read more…
Middle East tensions escalated over the weekend as around 3’500 US troops came to the region – increasing the chances of a ground operation that will likely last weeks – and Iran-backed Houthis joined the Read more…
In focus today In the euro area, focus turns to the German flash inflation print and the seller price expectations in the EU Commissions’ business surveys for March. German inflation is projected to rise to Read more…