The Australian Dollar (AUD) remains firm amid elevated domestic inflation and the hawkish stance from the Reserve Bank of Australia (RBA). This combination maintains the door open for AUD/USD to go up even more, and it also helps to protect against occasional pullbacks.
Gold has a habit of moving before the macro narrative becomes obvious. What are its recent price moves telling us?
The EUR/USD pair is under renewed selling pressure on Thursday, trading around 1.1530 early in the American session. The escalation of the Middle East war led to fresh fears, which in turn pushed Oil prices and the US Dollar (USD) up.
The volatility that crypto is known for has been in full force in March, largely due to factors outside of the influence of investors, leaving many longing for a little peace and stability.
There is a medium-term descending price channel which continues to hold the price lower, but the price action within this is so choppy that it is hard to trade.
The current Oil shock has brutally brought back an old market question: at what level, and above all for how long, does a rise in Oil prices stop being simple geopolitical noise and become a catalyst for a significant Equity sell-off?