Australian CPI inflation data (Consumer Price Index) will be released tomorrow at 12:30 am GMT. Based on estimates from Refinitiv, the year-on-year (YY) CPI print is forecast to have risen by 2.5% in January, matching December’s reading (2024). However, the current estimate range remains broad: between a high of 2.9% and a low of 2.1%.
RBA: Cautionary Cut
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If it appears as if the price of spot gold (XAU/USD) chalks up an all-time high every week, it is. In fact, the precious metal rallied northbound for eight consecutive weeks, and opposing bearish themes are few and far between. Geopolitical risks, uncertainty surrounding US President Donald Trump’s tariff plans, and limited resistance until around US$3,000 (as...
The US dollar (USD) – per the US Dollar Index – is on track to end February on the ropes following January’s monthly indecision candle at the resistance of 109.33. I believe USD bears have space to drive towards a ‘local’ descending support around 105.40ish, extended from the high of 107.35.
Similarly, the daily timeframe demonstrates scope for sellers to...
From the daily timeframe, SOL/USD (Solana versus the US dollar) recently connected with support from US$163.90, aided by the H1 timeframe chalking up an inverted head and shoulders pattern. With the formation’s neckline consumed (taken from the high of 107.88), further outperformance towards the pattern’s profit objective at 179.90 could be seen.
While the UK is evading US tariffs for now, its economy continues to face a somewhat undecided future, with taxes on business set to increase in April and a lingering drag from the elevated interest rates.
However, this week’s focus shifts to a rather busy slate of economic data in the UK. Regarding tier-1 metrics, I will largely focus on Tuesday’s employment...
The Reserve Bank of Australia (RBA) will meet this Tuesday and is widely anticipated to deliver its first rate cut in four years amid easing inflationary pressures. I am ‘reasonably’ convinced that the central bank will reduce the Cash Rate this week, a belief based on inflation and growth data that delivered prints south of the RBA’s recent projections (released...
