The pound slipped as the BoE raised its interest rate by a moderate 0.5%. The bearish inertia has taken a front seat after Sterling slipped through March 2020’s lows (1.1420). The RSI’s repeated oversold situations have led to a brief pullback. The former demand zone around 1.1460 has become a supply zone where the bears […]
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Key insights from the week that was. The Westpac-MI Consumer Sentiment Index lifted modestly in March, up 1.2% to 91.6, still an outright pessimistic reading. The latest survey was in the field over the week Read more…
AUD/USD fell over 1% from a multi-year peak as the US Dollar strengthened amid intensifying safe-haven demand. The hawkish Reserve Bank of Australia (RBA) may limit the downside, driven by escalating inflation pressures. The pair Read more…
Despite yesterday’s more optimistic US CPI report, Markets are now focusing on a bleaker inflationary picture ahead. A major theme in Markets is the progressive repricing for a more persistent and damaging US-Iran-Israel war, which Read more…