AUD/USD Outlook: Dips After Less Hawkish RBA, But Larger Bulls Remain Intact

The AUDUSD pair slightly declined after hitting a new yearly high of 0.6900 during Wednesday’s US session. However, the overall outlook remains positive due to the Reserve Bank of Australia (RBA) indicating that interest rates will stay steady through the year-end. The Australian Dollar is also benefiting from China’s recent stimulus measures aimed at boosting […]

Markets Wednesday’s failed test to sustainably pierce through technical resistance levels (YTD highs) across the US yield curve met with some rebound action during US trading hours yesterday. Upwardly revised EMU PMI’s (composite >50 for first time since May 2023), Minutes of the ECB’s March policy meeting (first rate cut clearly coming into view), weekly […]

Market picture It seems that all the market bulls have moved on to US and Japanese equities, avoiding cryptocurrencies. The cryptocurrency market failed to break out of its consolidation, and its capitalisation rolled back 1.3% to $2.13 trillion, inside the range from last Friday. Fear remains the main driver of the market. Bitcoin pulled back […]