The forex markets are overall mixed. Dollar retreated overnight following the rebound in stocks, but regained some ground in Asian session. Traders are holding their bets for now, ahead of the meetings of four major Read more…
USD/JPY: On the H4 chart, price is still respecting the ascending momentum. We are still bullish bias- Price is testing above the previous low and if bullish momentum continues, it should bring price to first Read more…
Minutes of RBA’s September 6 meeting revealed that there were discussions on whether to hike by 25bps or 50bps. But, “given the importance of returning inflation to target, the potential damage to the economy from Read more…
Sydney – 6 September 2022 Members present Philip Lowe (Governor and Chair), Mark Barnaba AM, Wendy Craik AM, Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Carol Schwartz AO, Alison Watkins AM Members had Read more…
Japan CPI accelerated from 2.6% yoy to 3.0% yoy in August, above expectation of 2.6% yoy. CPI core (ex-fresh food), rose from 2.4% yoy to 2.8% yoy, above expectation of 2.7% yoy. CPI core-core (ex-fresh Read more…
Key Highlights GBP/USD traded to a new 37-year low at 1.1350. It traded below a connecting bullish trend line with support at 1.1495 on the 4-hours chart. EUR/USD is consolidating losses below the 1.0050 resistance Read more…
We have long argued that the Reserve Bank Board should slow the pace of rate increases once it reaches its assessment of neutral. That is particularly because of the ‘treacherous lags’ that will have built Read more…
The focus this morning for local markets has been on the RBA Board meeting minutes for September and on possible clues as to the Board’s view around the pace of future interest rate hikes. Heading Read more…
When is the FOMC monetary policy meeting? The FOMC’s September monetary policy meeting will conclude at 14:00 ET on Wednesday, September 21. Fed Chairman Jerome Powell’s accompanying press conference will begin at 14:30 ET. What Read more…
USD/CAD reached its highest level since November 3rd, 2020 today as price continues to shoot higher, reaching an intra-day high today of 1.3344. However, is the pair ready to pull back? After a 220 pip Read more…