Sydney – 7 June 2022 Members present 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…
New Zealand Westpac consumer confidence dropped sharply from 92.1 to 78.7 in Q2. That’s the lowest level on record, and well below long-term average at 110.2. Westpac said: “The pressure on household finances and sharp Read more…
ECB Chief Economist Philip Lane said yesterday, “we have very high inflation rates now, and clearly we could be in a world where inflation psychology is taking hold.” In a presentation, he said that Eurozone Read more…
The economic calendar is packed with data releases from the United Kingdom this week, starting with the latest inflation report at 06:00 GMT on Wednesday. Sterling has taken a heavy beating this year, underperforming even Read more…
DXY: On the H4, with prices bouncing off the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our 1st resistance at 105.620 where the 61.8% fibonacci Read more…
Following last week’s mega moves by central banks, the calendar this week allows central bankers to finetune some of those shifts, starting with a plethora of communique from the RBA this morning. The calendar this Read more…
Despite the macro calendar being light, it could be a busy week for FX markets Topics covered in this report: Spill over from commodity markets Suggestion of dollar tops premature Fed’s Waller: 75bp hike in Read more…
EURJPY reversed from support level 139.30 Likely to rise to resistance level 144.00 EURJPY currency pair just reversed up from the key support level 139.30 (former strong resistance from the middle of April). The upward Read more…
USDCAD reversed from resistance level 1.3075 Likely to fall to support level 1.2940 USDCAD currency pair just reversed down from the strong resistance level 1.3075 (former top of the impulse wave 1 from the start Read more…
Bitcoin supporters and detractors both resort to memes and sarcasm to defend their positions during the current price drop. When it comes to investing in cryptocurrency, mummy knows best, according to Michael Saylor. The bitcoin Read more…