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The aussie has rallied back up and is poised to re-touch the highs at 1.0385. The move up is strong but it is encountering resistance from the 61.8% Fibonacci line and the Kijun Sen which is hitting resistance from price and there is the potential for a retracement down, with a target at support and resistance at 1.0235.
US CPI KEY TAKEAWAYS: US CPI expectations: 2.9% y/y headline inflation, 3.2% y/y core inflation With a Q1 “growth scare” spooking investors and policymakers, there’s now a...
The US dollar fell last week due to Trump's inconsistent trade policies and signs of a slowing economy. February's non-farm payroll data disappointed, with unemployment...
After a week when FX markets were very much dominated by events in Europe, focus this weeks shift to China. Chinese retaliatory trade measures against US agricultural goods have...
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