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Downside surprise on inflation removes case for rate hike in August. Downbeat narrative on supply in question. We no longer expect rate hikes by the RBA this year. Inflation has been more benign than we Read more…
Key Highlights Bitcoin failed to surpass $65,650 and started a fresh decline. A key bearish trend line is forming with resistance at $64,500 on the 4-hour chart of BTC/USD. Ethereum also struggled above $1,920 and Read more…
Australia’s inflation report offered further evidence that price pressures are gradually easing, strengthening the case for the Reserve Bank of Australia to remain on hold in August. Both the quarterly and monthly measures came in Read more…