Month: July 2022

Hybrid – 5 July 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…

The ECB has a tremendously difficult job and I certainly don’t envy them. They’re trying to set policy amidst a war, an energy crisis, messy Italian politics, unprecedented inflationary pressures (8.6% headline) as well as Read more…

DXY: On the H4, with prices breaking out of the ascending channel, we have a bearish bias that prices will rise and drop from the 1st resistance at 108.043 where the 61.8% fibonacci projection and Read more…

With Asian markets in a more cautious mood after being wrongfooted by the overnight sell-off on Wall Street, the focus this morning has been on the RBA Board meetings for July. The RBA minutes noted Read more…

Will central banks be able to raise rates fast enough to keep higher inflation at bay, while simultaneously keeping the world out of a recession? The rise in inflation has not slowed down!  As a Read more…

Unfortunately for UK consumers, the inflation rate is projected to rise further toward 9.3% y/y in Wednesday’s report. Last week’s hotter-than-expected US CPI report injected a shot of volatility into markets, prompting speculation of entrenched Read more…

With the ECB meeting this week, combined with UK CPI and a fight for the Prime Minister spot, EUR/GBP can be volatile. The ECB meets this week at its July interest rate decision meeting. At Read more…

Short term Elliott Wave view in GBPUSD suggests the decline from 5/27/2022 peak is unfolding as a 5 waves impulse Elliott Wave structure. Down from 5/27/2022 peak, wave 1 ended at 1.1932 and rally in Read more…

EURCHF reversed from support area Likely to rise to resistance level 0.9960 EURCHF currency pair recently reversed up from the support area located between the key support level 0.9850 and the lower daily Bollinger Band. Read more…