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AUD/USD surges on uncomfortably high inflation update as RBA rate cut bets evaporate

AUD/USD is charging higher, powered by a hotter-than-expected Australian March quarter consumer price inflation report that has seriously dented the case for rate cuts from the Reserve Bank of Australia this year.

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April 23, 2024 10:03 PM
Energy

Unseasonal inventory plunge has crude oil bulls eyeing upside

Traders have been searching for evidence of market tightness in crude oil for months, wondering when production and export cuts from OPEC and Russia would filter through to visible inventories. Perhaps they just found it.

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January 24, 2024 09:19 PM

NZD/USD pops on confirmation New Zealand has a homegrown inflation problem

New Zealand has a homegrown inflation problem like Australia, limiting the likelihood of a near-term interest rate cut from the Reserve Bank of Australia (RBNZ) in the absence of a n abrupt global economic downturn. The NZD/USD is bid as rate cut bets are trimmed.

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January 23, 2024 05:31 PM

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Energy

Crude oil, gold: Impact of latest geopolitical headlines didn’t last long

Traders come across as almost desensitised to geopolitical developments in the Middle East nowadays, unable to sustain market moves on increased tensions beyond anything other than the short-term. Just look at gold and crude oil last Friday for evidence.

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January 14, 2024 09:00 PM

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