UBS pushes back RBA rate cut forecast, holds firm on AUD/USD optimism

The opening of the long-awaited Leeds tram system has been pushed back by at least two to three years, after a government review of the £2.5bn project. The West Yorkshire combined authority (WYCA) said its mass transit scheme, including new tram lines connecting Leeds and Bradford, would now be completed in the late 2030s. West…

Markets opened the week with cautious optimism on Monday as hopes for an imminent end to the U.S. government shutdown lifted sentiment, though traders remained attentive to mixed economic signals from China and growing expectations for Bank of Japan policy tightening. Gold led gains among major assets, reclaiming ground above $4,000 as investors weighed signs…

EUR/USD edged higher to 1.0946 last week but retreated since then. Initial bias stays neutral this week and more consolidations could be seen. In case of another fall, downside should be contained by 38.2% retracement of 1.0358 to 1.0946 at 1.0721 to bring rebound. On the upside, break of 1.0946 will resume the rally from…

Cryptocurrencies have yo-yo’d quite aggressively in the past two months, moving from the dovish FED narrative to widespread profit-taking after failing to pursue the 2025 bull-move. Some concerns had been raised, and with justification. The Crypto total Market Cap had been free falling, some key ETFs had been seeing their first yearly outflows and technicals…

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