Author: Omada Admin
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RBA Holds Rates as Expected, Seeks Confidence in an Uncertain World
Cash rate on hold at 4.1% as new Board waits for more information to be ‘100% confident’. As expected, the RBA held the cash rate steady at 4.1% following the first meeting of the newly formed Monetary Policy Board. Since the last meeting of the old RBA Board in February, the tone in global markets…
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More ECB Officials Appear Ready to Accept an April Rate Pause
Markets Friday’s nasty market sell-off dragged into yesterday’s Asian and European trading as traders hit the panic button in the run-up to tomorrow’s tariff announcement by US president Trump. It’s planned as a Rose Garden event at the White House at 3 pm Washington time (9pm CET), but we wouldn’t be surprised to see headlines…
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Tankan Survey Supports Further BoJ Hikes
In focus today In the US, both ISM March Manufacturing index and February JOLTs turnover report will be released in the afternoon. Consensus expects ISM to remain steady from the previous month, and while global manufacturing indicators have generally edged higher, regional US data has pointed towards a weaker reading amid trade uncertainty. The Fed…
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Gold Extends Record as Tariff Uncertainties Prevail
March is over, the pain is probably not. Global equity markets kicked off the week on a negative note ahead of the so-called Liberation Day, April 2nd, the day the Trump administration will reveal the reciprocal tariffs to the rest of the world. Based on the strategy adopted by the White House since the beginning…
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EUR/CHF Daily Outlook
Daily Pivots: (S1) 0.9511; (P) 0.9531; (R1) 0.9558; More…. Intraday bias in EUR/CHF stays neutral for the moment. Strong support is still expected from 0.9486 to complete the correction from 0.9660. On the upside, above 0.9581 minor resistance will bring retest of 0.9660 high. Firm break there will resume whole rise from 0.9204. However, sustained…
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EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.7223; (P) 1.7295; (R1) 1.7385; More… Intraday bias in EUR/AUD remains on the upside for retesting 1.7417 high. Firm break there will resume larger up trend, and target 61.8% projection of 1.6355 to 1.7417 from 1.7047 at 1.7703. For now, risk will stay on the upside as long as 1.7047 support holds,…
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EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.8356; (P) 0.8367; (R1) 0.8385; More… Intraday bias in EUR/GBP stays neutral at this point. On the downside, below 08314 will bring deeper fall back to 0.8239 support. However, firm break of 0.8373 minor resistance will argue that fall from 0.8448 is merely a correction and has completed. Retest of 0.8448 should…
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EUR/JPY Daily Outlook
Daily Pivots: (S1) 161.30; (P) 161.90; (R1) 162.74; More… Range trading continues in EUR/JPY and intraday bias stays neutral. Further rise is in favor as long as 160.73 support holds. Above 164.16 will resume the rally from 154.77 to 164.89 resistance, and then 166.67. However, break of 160.73 will turn bias back to the downside…
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GBP/JPY Daily Outlook
Daily Pivots: (S1) 192.96; (P) 193.49; (R1) 194.24; More… No change in GBP/JPY’s outlook and intraday bias stays neutral. On the upside, break of 195.95 will extend the rally from 187.04 once again, to 198.94 resistance. However, firm break of 192.00 support will turn bias back to the downside for deeper fall. Overall, corrective pattern…
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USD/CAD Daily Outlook
Daily Pivots: (S1) 1.4327; (P) 1.4361; (R1) 1.4424; More… Intraday bias in in USD/CAD remains neutral at this point. Overall, corrective pattern from 1.4791 is still extending. On the upside, break of 1.4400 will argue that it’s still in the second leg. Intraday bias will be turned back to the upside fro 1.4541 resistance first,…