Key Highlights GBP/USD extended decline and tested the 1.3000 support zone. A key declining channel is forming with resistance near 1.3140 on the 4-hours chart. EUR/USD is facing a strong resistance near 1.1050 and 1.1080. The UK ILO Unemployment Rate could drop from 4.1% to 4.0% in Jan 2022 (3M). GBP/USD Technical Analysis The British […]
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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…