Ramsden
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AUD/USD outlook: Bearish bias below the base of thick daily cloud
AUD/USD AUDUSD remains under pressure as the price action was capped by the base of thick daily cloud (currently at 0.6531) in past few sessions, while a batch on daily MA’s in bearish configuration, weighs heavily. Bears pressure a higher base at 0.6500 zone (also Fibo 76.4% of 0.6442/0.6667 ascend
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US: Little reason to think doubts over the disinflation path will persist – ABN Amro
Is inflation heating up again? Economists at ABN Amro think not. Fed to begin lowering rates from June The bottom line is that pipeline price pressures still point to significant disinflation to come, especially from housing rents, with rents for new leases growing at rates below the pre-pandemic tr
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Wall Street Targets To Open Positive Despite Geopolitical Tension
Trading on Tuesday may be impacted by geopolitical developments and the latest U.S. economic data. Durable Goods Orders and Consumer Confidence data might of interest to investors. The Middle East tensions and Russia boosting crude oil prices might result in inflation concerns. Early signs from the
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BoJ rate hike, SNB rate cut, RBA and BoE rates unchanged, FOMC market volatility
Previous week's events (week 18 - 22.03.2024) Announcements US Economy The Federal Reserve Chair Jerome Powell said this week during his speech that recent high inflation readings had not changed much the narrative of easing and the central bank stayed on track for three interest rate cuts this year
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China’s Foreign Minister Wang: US should work with China in the same direction, promote stabilization
In his meeting with the Us Executive on Tuesday, China Foreign Minister Wang Yi said that “the crux of China-US relations lies in the US’ position of China as the most important strategic competitor and the most important geopolitical challenge.” “This has led to problems in bilateral relations,” Wa
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Pull-up Update