Daily Pivots: (S1) 0.8027; (P) 0.8056; (R1) 0.8080; More… Outlook is unchanged in USD/CHF and intraday bias remains neutral. On the downside, decisive break of 55 D EMA (now at 0.8007) will argue that the corrective bounce from 0.7828 has completed and bring retest of this low. On the upside, above 0.8123 will resume the […]
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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…