Australia Westpac-MI leading index dropped from 1.69% to 0.88% in April. Westpac recently revised down growth forecast for 2022 from 5.5% to 4.5%, reflecting the sharp increase in cost of living, and an earlier and Read more…
After the RBA Minutes noted yesterday that members had considered a 40bp rate increase at the May meeting, the focus for traders this morning was firmly on Q1 AU 2022 wages data – seeking clues Read more…
Japan GDP contracted -0.2% qoq in Q1, better than expectation of -0.4% qoq. In annualized term, GDP contracted -1.0%, first negative growth in two quarters, but better than expectation of -1.8%. GDP deflator dropped -0.4% Read more…
Chicago Fed President Charles Evans said, “front-loading is important to speed up the necessary tightening of financial conditions, as well as for demonstrating our commitment to restrain inflation, thus helping to keep inflationary expectations in Read more…
BoE Deputy Governor Jon Cunliffe said at a web event, “There’s a long tail of retail investors who have invested in cryptoassets. Do they all understand what they’ve invested in? I think not. For that Read more…
Minneapolis Fed President Neel Kashkari said yesterday, “my colleagues and I are going to do what we need to do to bring the economy back into balance… What I don’t know is how much are we Read more…
Fed Chair Jerome Powell said yesterday, “this is a time for us to be tightly focused on the time ahead and getting inflation back down to 2%…. What we need to see is inflation coming Read more…
The Australian dollar is in the midst of a rebound after last week plumbing almost two-year lows, but the path higher could get trickier as employment data is incoming and a federal election is days Read more…
DXY: On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 104.989 where the swing high resistance is from our 1st Read more…
Governing Council member of the ECB Klaas Knot said that the ECB should raise interest rates in July by 25bps, but a 50bps hike should not be excluded if data suggest that inflation is rising. Read more…