Month: May 2022

The FTSE 100 rallies ahead of the BOE meeting on Thursday. A bullish RSI divergence could be a soothing sign for the bulls as it indicates a slowdown in the sell-off. A bounce above 7490 Read more…

The New Zealand dollar steadied after the Q1 jobless rate met expectations. The break below January’s lows at 0.6540 sent the kiwi into a free fall. On the daily chart, a bearish MA cross exacerbated Read more…

Daily Pivots: (S1) 0.7045; (P) 0.7097; (R1) 0.7146; More… Intraday bias in AUD/USD remains neutral as consolidation from 0.7029 temporary low is extending. Further decline is still expected as long as 0.7228 minor resistance holds. Read more…

Overall, the markets are pretty quiet as focuses turns to Fed’s rate hike and guidance today. Dollar is consolidating in tight range, preparing for the next move. For now, Aussie and Loonie are the stronger Read more…

Fed is widely expected to raise federal funds rate by 50bps to 0.75-1.00% today. With markets pricing in 99.1% chance of that, there is no reason for Fed to rock the boat. Also, Fed is Read more…

Australia retail sales rose 1.6% mom to new record AUD 33.6B in March, well above expectation of 0.5% mom. Over the 12-month period, sales rose 9.4% yoy. Director of Quarterly Economy Wide Statistics, Ben James, Read more…

New Zealand employment rose 0.1% qoq in Q1, matched expectations. However, total actual weekly hours worked dropped slightly by -0.2%. Unemployment rate was unchanged at 3.2%, slightly above expectation of 3.1%. Participation rate dropped -0.1% Read more…

In an interview, ECB Executive Board member Isabel Schnabel “a rate increase in July is possible in my view.” But she added, “We of course have to wait and see how the data evolve up to Read more…

The Bank of England looks set to hike rates by 0.25%, but how will this impact the pound? A 25-basis-point rate hike from the Bank of England’s Monetary Policy Committee on Thursday looks like a Read more…

The BoE are in a tight spot, faced with some difficult choices, which will have significant consequences for the fundamentals of the UK economy. Their credibility is on the line. Read below to find out Read more…