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Plateauing is just another way of saying ‘stuck’

Let’s make things very clear – Australia’s inflation rate is plateauing in fact I would argue it’s starting to reaccelerate in areas Australia can least afford. From a trading and momentum perspective this needs explaining. Stronger Than Expected Print April's CPI data exceeded expectations and was at the very top of the surveyed ra...

May 30, 2024

FX Analysis – USD bounces, Hot CPI fails to lift AUD, JPY softer on rising US yields

The USD saw decent strength in Wednesdays session, with The US Dollar Index (DXY) rising from an open of 104.67, pushing through the resistance at 105 to hit a high of 105.14 on the back of firmer US Treasury yields. Despite this rally DXY is heading into the end of the month looking to have its first monthly decline since December 2023. Ahead ...

May 30, 2024

Reading between the lines for the USD

Last week I highlighted Governor Chris Waller’s speech – however the more I look into his talk the more it needs greater emphasis as it contained both hawkish and dovish elements. The Hawk Waller indicated that he would need at least three more months of "good" inflation data before considering a rate cut. He was suggesting this might h...

May 28, 2024

Featured

Plateauing is just another way of saying ‘stuck’

FX Analysis – USD bounces, Hot CPI fails to lift AUD, JPY softer on rising US yields

Reading between the lines for the USD

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