Monthly archive February, 2017

We are negative on the UK economy going forward although it did well in H2 last year. In particular household and capital spending seem vulnerable from the impact of growing political uncertainty created by the upcoming divorce from the EU. Read More →

It seemed that traders hoped for more hawkishness out of yesterday’s released FOMC meeting minutes, especially given Fed Chair Yellen’s recent hawkish comments. Despite the lower enthusiasm however policymakers still made it clear that the next rate hike shall happen Read More →

Key Points

• The Aussie dollar traded with a positive bias recently and currently positioned above the 0.7660 support area against the US Dollar.
• There is a major contracting triangle pattern with resistance at 0.7705 formed on the hourly chart of Read More →

Significant AUD downside has started to look more like a tail risk than a central forecast. Commodity prices have risen more than anticipated, liquidity remains ample and volatility is expected to remain in check.

Valuation has also corrected. There Read More →