It is difficult to tell what role the Dollar will play in the global financial system heading into the second quarter of 2022. On the one hand, traditional risk assets have held back the tide of a more prolific collapse while interest rate expectations have exploded higher. Alternatively, there exists a growing din of concern that markets have over-reached in the post-Great Financial Crisis run and a necessary ‘de-risking’ has yet to occur. ...
The Australian Dollar has strong fundamentals, but a hawkish Fed has favoured the US Dollar up to now. The fundamental backdrop for AUD remains solid, although it is not showing up in all of data at the moment. Daily price is on secondary correction within the primary bullish market condition: the price is trying to cross the bearish triangle pattern with 0.7391 support level to below for the secondary correction to be continuing up to ...
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