Month: July 2022

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.50 percent. The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.50 percent. The Committee agreed it remains appropriate to Read more…

IMF cut US 2022 GDP growth forecasts from 2.9% to 2.3% in the latest report. For 2023, GDP growth was was also lowered from 1.7% to 1.0%. Inflation is forecast to come down to 6.6% Read more…

Richmond Fed President Thomas Barkin said yesterday, “I definitely see signs of softening” in the economy, with evidence “most pronounced in lower income households”. “I expect inflation to come down but not immediately, not suddenly, Read more…

The Reserve Bank lifted the OCR another 50 basis points to 2.50% as expected, and it remains focused on the risks of persistent inflation in a capacity-constrained economy. RBNZ Monetary Policy Review, July 2022 The Read more…

AUDCAD reversed from key support level 0.8750 Likely to rise to resistance level 0.8900 AUDCAD currency pair recently reversed up from the key support level 0.8750 (low of the previous minor impulse wave (i) from Read more…

USDCAD reversed from resistance level 1.3055 Likely to fall to support level 1.2950 USDCAD currency pair recently reversed down from the pivotal resistance level 1.3055 (which has been repeatedly reversing the pair from the start Read more…

The much obsessed about psychological level was tagged today. We haven’t seen a follow through to decisively breach 1 just yet, but it looks like the higher probability scenario. Read below to find out more. Read more…

The German ZEW was the latest report to send recession fears through the commodities markets, knocking Crude Oil $7 lower, back below the psychological $100 level in WTI Crude Oil. The headline print was -53.8 Read more…