BackgroundAlthough yesterday's report acknowledged a bullish bias we were a little cautious. Overbought extremes did lead to a profit-taking reaction, but the setback failed to break through the 100-day moving …
Day: May 11, 2017
BackgroundUS financial markets are priced at 83% probability for a June rate hike, based on the fed funds futures market, but for later dates the curve is still under the …
GBP and EUR look set to continue their bullish runs against the flailing AUD, whilst AUDUSD may have run its course (for now) on the downside.
There was no surprise in hearing RBNZ had decided to hold, yet traders had hoped for a slightly more hawkish statement, not the dovish one presented due to a pickup …
