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Market Summary Amidst a flurry of economic data and speculation, the Dollar Index surged on the back of stronger-than-expected inflation figures, fueling expectations of impending interest rate hikes and bolstering US Treasury yields. Concurrently, crude oil prices maintained their upward momentum as the International Energy Agency forecasted a supply deficit for 2024, driven by improvedContinue Reading

Tuesday, 19 March 2024, 05:30 – RBA Interest Rate Decision (Mar) The RBA maintained the cash rate steady at 4.35% during its February meeting as widely expected by analysts. Reserve Bank governor Michele Bullock previously indicates her skepticism regarding the sustainability of inflation returning to the target level. Hence, the market expects the cash rateContinue Reading

Fundamental Analysis * Renewed Greenback: The pound sterling has fallen against the dollar after robust U.S data, which has led to a resurgence in demand for the greenback. Data released by the US Census Bureau on Thursday indicated that U.S Retail Sales surged by 0.6% month-over-month (MoM) in February, rebounding from a downwardly revised -1.1%Continue Reading