Key Highlights EUR/USD started an upside correction from the 1.0800 support zone. A key bearish trend line is forming with resistance near 1.1120 on the 4-hours chart. GBP/USD could attempt a strong increase above the 1.3200 resistance. Gold price is correcting gains and might decline below $1,900. EUR/USD Technical Analysis The Euro found support near […]
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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…