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 Market Picture Market capitalisation grew by 0.6% in 24 hours, adding almost 4% in a week to $3.45 trillion. The market consolidated near these values a couple of weeks ago. Such a step-by-step climb is quite familiar. The likely continuation of positive sentiment allows us to consider the area of historical highs around $3.7 trillion […]

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02/02/2024

AUDCAD Examines Potential Pivot Point

AUDCAD continues to trim gains, reaches key support level Technical picture reflects oversold conditions AUDCAD erased more than half of its October-December upleg to find support around the November 13 low of 0.8755, which overlaps with the 61.8% Fibonacci retracement level of the bullish wave. Both the RSI and the stochastic oscillators hint at oversold conditions, […]
24/05/2024

Hand in Hand is the Surer Way to Land

Households are cutting consumption in a textbook response to higher interest rates. This, and a likely future of inflationary supply shocks, warrants a more coherent design to fiscal and monetary policy frameworks. This week saw the RBA Board minutes observe that many households have been pulling back on spending even when their incomes have not […]
10/01/2025

Asian-Pacific Dealings Lacking Much Other News Revolve Mostly Around PBOC

Markets The partial absence of US investors due to a national day of mourning for ex-president Carter and the empty economic calendar kept markets squarely focused on the UK. Gilt yields gapped another 12 bps higher at the open before paring most of those gains into the close. The earlier surge nevertheless means multi-year or […]