Australia’s ugly inflation report for May continues to impact markets 24 hours after its release, and not just those in Australia. But the initial reaction, and price action since, continues to provide signals and setups in ASX 200 SPI futures and AUD/USD. We look at two ideas below. ASX 200 SPI futures: Ugly, but does it matter? Dips below 7685 in Australian ASX 200 SPI futures have made for good buying in June. Will the latest be any different even with the increased threat of a RBA rate hike following Wednesday’s inflation update? Yes, the price action looks terrible having broken out of the pennant in the ... (full story)