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Markets Core bonds, US Treasuries in particular, opened higher in an attempt to recoup some of the Powell-Payrolls-ISM triple whammy they suffered over the previous days. But US yields shedding between 0.1 and 3 bps across the curve is nothing compared to the 30bps+ they gained in just two trading days. Technically, the likes of […]

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17/06/2024

Australian Dollar Drifting Ahead of RBA Decision

The Australian dollar is steady on Monday. AUD/USD is trading at 0.6605 in the European session, down 0.14% on the day. Last week, the Australian dollar rose as much as 1.8% but pared most of these gains. RBA expected to hold rates The Reserve Bank of Australia will deliver its rate announcement early Tuesday and […]
20/03/2024

Technical Outlook and Review

DXY: For DXY, aligning with the overall bullish momentum, there’s potential for a bearish reaction from the pivot level, possibly leading to a drop towards the 1st support. The pivot at 104.19 acts as an overlap resistance, suggesting a pivotal level where selling pressure may arise, supported by its historical significance. Additionally, the 1st support […]
31/01/2024

Chinese PMIs in the Spotlight; Australian Inflation Key for Next Week’s RBA

Quarterly Australian inflation on Wednesday; could surprise on the upside Chinese PMI surveys also on Wednesday; Chinese stock indices remains under pressure Aussie’s outperformance against the US dollar depends on stronger data releases Market focusing on the Fed and US labour data Amidst a week monopolized by Wednesday’s Fed meeting and Friday’s US labour market […]