Risk appetite has deteriorated slightly since the Bernanke fuelled bounce last week but there does not appear to be a strong directional bias for markets either way.
Data has been mixed, with US consumer confidence dipping in March albeit not … Read more
AUDUSD has been in a continous downtrend since late October. Yesterday it broke through the bottom of the downtrend channel at 0.9800, opening up the sub 0.9400 target, the early October lows. Given the overall risk environment and equity markets … Read more
AUD/USD: On a more medium term basis, looking at the daily chart in AUD/USD, the price tested and failed against this summer’s trend resistance (the top orange line) for the third time at 103.60 yesterday, while at the same … Read more