BofA sees AUD recovery in 2Q, maintains bearish 1Q outlook

BofA sees AUD recovery in 2Q, maintains bearish 1Q outlook
Source link

BofA sees AUD recovery in 2Q, maintains bearish 1Q outlook
Source link
EOG consolidates inside a Wave (4) range in the very start of a powerful Wave III advance, with a bullish breakout pointing to higher Fibonacci targets. EOG Resources, Inc. (NYSE: EOG) continues to trade within a strong long-term bullish Elliott Wave structure on the monthly chart. The broader trend remains firmly positive. Price action from…
President Trump is on a winning streak. A drumbeat of successes during the past fortnight — a successfully executed military mission in Iran, the Iranian-Israeli cease-fire, some favorable court rulings, NATO’s defense spending agreement, reported trade deals, and Powell’s more dovish-than-expected testimony — have deflected attention from the fiscal undertow and consequently enhance the chances…
The AUD/USD outlook shows a limited recovery in the Australian dollar as a firm dollar limits gains despite tariff optimism. China’s services PMI fell to 52.6, while Australia’s PMI rose to 52.5. Traders await US ADP job data, ISM services PMI, and President Trump’s remarks for further policy cues. The AUD/USD outlook suggests a slight…
Profit booking is one of the most critical actions a trader takes to protect earnings in financial markets. It refers to selling a part or the entire holding of a stock, commodity, currency pair, or cryptocurrency to secure gains. In simple words, it means converting paper profits into actual returns before market fluctuations take them…
The Australian Dollar remains under pressure despite a release of stronger economic data on Tuesday. Westpac Consumer Confidence climbed 4% to 95.9 in March, up from 92.2 in February, reaching its highest level in three years. The US Dollar struggles as concerns grow that tariff policy uncertainty could push the US economy into a recession….
As Bitcoin suffers one of its steepest monthly pullbacks this year, Binance CEO Richard Teng spent Friday reflecting on the market’s health. But a different question dominated the room: what happens next with Changpeng “CZ” Zhao following his presidential pardon? Teng attributed Bitcoin’s roughly 21% November decline to “risk-off sentiment” and widespread deleveraging across asset…