AUDUSD Bears Show No Mercy

In focus today Today is a quiet day on the data front. In the euro area, focus is on March retail sales and German factory orders. Consumers are still cautious with spending amid low unemployment and rising real incomes so we expect muted spending. We revise our Fed call to 2 rate cuts of 25bp […]

The dollar index eases from new two-week high on Monday, after strong three-day recovery rally showed initial signs of fatigue. Repeated rejection at 101.72 barrier (50% retracement of 103.06/100.38 bear-leg / 4-hr cloud top) and overbought stochastic contributed to a partial profit-taking, though dips were so far shallow and suggesting that bulls still hold grip. […]

USD/JPY is experiencing a correction phase following two days of gains, as mixed economic signals emerge from Japan. Despite ongoing expectations for monetary tightening by the Bank of Japan (BoJ), the yen faces downward pressure from a slowdown in domestic inflation, which could potentially dampen the urgency for immediate rate hikes. In September, Japan’s consumer […]