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Key insights from the week that was. There was no significant data of interest in Australia this week, bookended by Easter Monday and ANZAC Day public holidays, leaving the market’s focus on developments offshore. In the US, markets continued to react quickly to headlines around trade policy, most of which were tempered in subsequent communications. […]

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01/08/2024

Dollar Trades Remarkably Resilient Given Risk On and Yield Drop

Markets The Fed kept the policy rate unchanged yesterday at 5.25-5.5%. The new statement featured some important changes compared to the June one, which are seen as paving the way towards a first, September rate cut. It noted that there was some further progress of inflation, which they now label as “somewhat” elevated, while striking […]
03/12/2024

Altcoin Season Kicks off as Bitcoin Hits Ceiling

Market Picture The cryptocurrency market is up 0.1% over the past 24 hours, but a closer look reveals that the market has hit resistance at $3.50 trillion twice since the beginning of the week, pulling back to the current $3.46 trillion. While Bitcoin remains range-bound and unable to break through $100,000, it’s altcoin season, according […]
29/12/2023

AUD/USD and NZD/USD Regain Strength

AUD/USD is moving higher and might climb further above 0.6870. NZD/USD is also rising and could extend its increase above the 0.6370 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a fresh increase above the 0.6760 and 0.6800 levels against the US Dollar. There is a bullish […]