Reserve Bank of Australia Raised Policy Rate Further by 25 bps
Reserve Bank of Australia Raised Policy Rate Further by 25 bps A disappointing US non-manufacturing ISM was yesterday’s defining moment for FI and FX trading. Up until the release, the post-payrolls momentum still pushed US rates and the dollar gently higher. Afterwards, intraday fortunes changes, the first Pavlov reaction didn’t really gain traction afterwards. Turning […]
GBP/USD struggles to surpass 1.2450, upside seems favored despite hawkish Fed bets improve
GBP/USD struggles to surpass 1.2450, upside seems favored despite hawkish Fed bets improve The GBP/USD pair has witnessed delicate barricades after climbing to near 1.2450 in the early European session. The Cable is expected to remain on tenterhooks as the USD Dollar Index (DXY) has attempted a recovery after dropping to near 103.81. More downside […]