Eurozone PMI composite hits 12-month high at 52.3, pointing to 0.3% GDP growth in Q2

AUD/USD has been the worst performer among the major currencies in the past 4 weeks due to a double whammy slow-down growth effect from the US and China. RBA’s “hawkish hold” monetary policy stance on Tuesday may offer a relief for the AUD/USD. The recent 6.6% decline in the AUD/USD has almost reached an extreme […]

We expect the RBNZ will leave the OCR at 5.5% at its April policy review. We think the RBNZ will remain comfortable with the forward outlook communicated in the February Monetary Policy Statement. GDP growth was slightly weaker than expected – but the impact is very marginal compared to past quarterly forecast misses. The inflation […]

EURUSD flirts with 8-month high again Remains well above the long-term symmetrical triangle 50- and 200-day SMAs ready for bullish cross Momentum oscillators confirm upside move EURUSD has been in a bullish move, especially after the rally above the long-term symmetrical triangle last week. The pair is again battling with the almost eight-month high of 1.1050, with […]