In the Statement on Monetary Policy, RBA noted that after a sequence of 50bps and 24bps rate hikes, “the Board recognised that interest rates had already been increased significantly in a short period of time”. Read more…
Key Highlights USD/JPY is facing resistance near 148.50 and 149.00. A major bearish trend line is forming with resistance near 148.40 on the 4-hours chart. EUR/USD and GBP/USD gained bearish momentum below 0.9850 and 1.1320 Read more…
Key insights from the week that was. The past week has seen a flurry of central bank communications as the RBA, FOMC and BoE all met to deliberate on policy. Evident In their decisions and Read more…
The Reserve Bank has released its November Statement on Monetary Policy (SoMP). The highlight of these Statements is the Bank’s revised forecasts for growth, unemployment and inflation. These forecasts are based on a path for Read more…
NFP insight Following Wednesday’s FOMC meeting, it’s clear that Jerome Powell and company are still far more concerned about the “price stability” half of their dual mandate than the “full employment” half. Nonetheless, the central Read more…
The FOMC statement was seen as dovish as a result of the wording that “in determining the pace of rate hikes, we will consider cumulative tightening, policy lags, and economic and financial developments”. However, the Read more…
Short term Elliott Wave view suggests correction from 9.28.2022 high ended at 109.53 as wave (4). Internal subdivision of wave (4) unfolded as a double three Elliott Wave structure. Down from 9.28.2022 high, wave W Read more…
PayPal is working with Apple to make its products work more easily on Apple phones. Apple’s growing financial technology tools and services are pulling in PayPal and Venmo offerings. The payments company announced that it Read more…
The richest man in the world has become very political. Elon Musk wants to completely change the business world. He wants to rewrite all the rulebooks and revise all the traditional norms that have governed Read more…