Month: April 2022

Selloff in the Japan Yen continued this week and intensified in Asian session today. The move came as global benchmark treasury yields powered up, including those in the US, Germany and UK. For now, commodity Read more…

US 10-year yield surged to as high as 2.868 overnight, highest since late 2018, before closing at 2.862. The up trend continued in anticipation of more rate hike from Fed, as well as the start Read more…

In the minutes of April 5 meeting, RBA said, inflation in Australia had “picked up” and a “further increase was expected” with measures of underlying inflation in the March quarter expected to be above 3%. Read more…

RBNZ Governor Adrian Orr said in an IMF event, “we’ve been acting reasonably aggressively to tighten monetary conditions. We’ve provided strong forward guidance that we expect to be doing more rate rises over coming quarters.” Read more…

St. Louis Fed President James Bullard said yesterday, “we want to get to neutral expeditiously, I guess is the word of the day. I’ve even said we want to get above neutral as early as the Read more…

Hybrid – 5 April 2022 Members participating Philip Lowe (Governor and Chair), Michele Bullock (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Carol Schwartz AO, Alison Read more…

Now that it is generally accepted that the RBA tightening cycle will begin in June, with a series of consecutive hikes, interest is firmly targeted at the likely peak in rates in the cycle. The Read more…

Key Highlights GBP/USD is struggling to clear the 1.3150 resistance zone. A crucial bearish trend line is forming with resistance near 1.3120 on the 4-hours chart. EUR/USD is still trading in a bearish zone below Read more…

The US dollar was broadly higher overnight as the Fed’s Bullard laid out a path for 50-bos hikes at each remaining Fed meeting this year. Monday US cash market close: The Dow Jones Industrial fell Read more…