The liklihood is that the RBA will hike rates by 25 bps at 2:30 this afternoon Sydney time. If they do, then the market will target stops above .9070. If they don’t, then we might see a bigger move down as longs bail out. Nevertheless, as Jamie wrote earlier, the commodity currencies are looking particularly attractive in the current environment and any major dips will be very well supported.
Good luck today.
Most Popular
Sponsored
UK property taxes hit 3.7% of GDP, highest globally. Potential hikes loom, risking investment.
XRP's 37% drop sparks bearish outlook; stablecoins and RWA growth offer little demand.
CI's 16% revenue growth & 9.7x P/E shine vs. RSG's slow growth & KEYS' high P/E.
ARLO's 68.6% upside target shines with 8.4% sales growth, while CSV & KD face risks despite lofty forecasts.
Lumen's AI pivot fuels 660% return; new AI contracts signal ongoing recovery despite no near-term earnings.
BARK's 5.2% growth & 24.3x EV/EBITDA raise red flags. BWIN's 9.1x P/E & debt concerns loom. IVZ's flat sales & 10.7x P/E signal caution.
HSBC backs Chinese green tech firms with $4B facility. EV sales hit 26M by 2026, data centers double usage.
Sponsored
Must Read
