Interest Rate Outlook: Markets price the Official Cash Rate (OCR) above 3%, but risks suggest lower rates may be needed due to spare economic capacity. Economic Growth: Q4 GDP growth of 0.7% exceeded expectations but included one-off factors unlikely to persist. Inflation Risks: With high spare capacity (~ -1.5% output gap), disinflation remains a concern, […]
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Daily Pivots: (S1) 1.2909; (P) 1.2938; (R1) 1.2974; More… Intraday bias in GBP/USD remains neutral first. On the downside, break of 1.2886 will resume the correction from 1.3013 and turn bias to the downside. But Read more…
Daily Pivots: (S1) 0.8801; (P) 0.8825; (R1) 0.8850; More… Intraday bias in USD/CHF remains neutral. Consolidation from 0.8757 is still in progress. In case of stronger recovery, upside should be limited by 0.8911 support turned Read more…
Daily Pivots: (S1) 0.6278; (P) 0.6302; (R1) 0.6327; More… Intraday bias in AUD/USD remains neutral for the moment. On the downside, firm break of near term trend line support (now at 0.6262) will argue that Read more…