Daily Pivots: (S1) 146.73; (P) 147.13; (R1) 147.65; More… Intraday bias in USD/JPY is turned neutral first with current recovery. For now, price actions from 150.90 are still seen as a corrective pattern. On the upside, above 148.12 minor resistance will bring stronger rally to 149.95 first. Firm break there should resume larger rally from […]
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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…