AUD/USD Outlook: Bounce from New Multi-Week Low Needs to Clear Key Barriers to Sideline Larger Bears

The Federal Reserve (Fed) wraps up the year with a resounding finale. The Fed is not bothered to see the US yields fall in preparation for a rate cut. On the contrary, they endorsed the idea of a policy pivot thanks to an encouraging fall in inflation and sounded way more dovish than everybody expected […]

U.S. Highlights Higher than expected retail sales in December suggests that consumer spending remained resilient to end the year. Several Fed governors sought to push back against market expectations for swift and significant rate cuts. The housing market ended 2023 on a sour note, with both new home construction and existing home sales falling in […]

Market picture The crypto market correction continues to deepen, although there have been some signs of stabilisation since the start of the day on Wednesday. The decline has continued for a whole week, reducing the market cap by almost 15%. The total cap was down to $2.28 trillion on Wednesday morning, rising to $2.35 trillion […]