Yen is so far the clearly weaker one in otherwise ranging markets. Rebound in US stocks and treasury yield overnight was a factor in Yen’s selling. But after all, there is no follow through weakness Read more…
Australia NAB Business Confidence dropped from 0 to -4 in November, below zero for the first time since December 2021. Business Conditions dropped from 22 to 20, but remained elevated. Looking at some details, trading Read more…
Australia Westpac Consumer Sentiment Index bounced from near record low and rose 3% from 78.0 to 80.3 in December. But the level remains comparable to the lows see during the pandemic and the Global Financial Read more…
BoC Governor Tiff Macklem said in a speech yesterday, “Higher interest rates are working to rebalance the economy. Domestic demand is slowing, and we expect growth in gross domestic product will be close to zero Read more…
Key Highlights GBP/USD could rally further above the 1.2350 and 1.2400 levels. A major bullish trend line is forming with support near 1.2225 on the 4-hours chart. The UK Claimant count could change -13.3K in Read more…
When is the December Fed meeting? The Federal Reserve’s Open Market Committee (FOMC) will complete its two-day meeting on Wednesday, December 14. The committee will release its monetary policy statement and Summary of Economic Projections Read more…
The Bank of England meets on Thursday to discuss interest rate policy. Markets are currently expecting the Monetary Policy Committee to hike by 50bps, which would bring interest rates to 3.5%. At the previous meeting, Read more…
Following the slowdown in the euro area inflation during the month of November, investors changed their minds with regards to whether another triple hike is needed by the ECB, with hopes of a peak in Read more…
The Northeast Alliance will add new flights as a federal judge mulls an antitrust lawsuit. For the past two years, American Airlines and JetBlue have had an agreement dubbed the Northeast Alliance. And for the Read more…
Former FTX CEO Sam Bankman-Fried has been arrested in the Bahamas just hours before he was due to testify before the House Financial Services Committee. Updated at 7:40 pm EST Sam Bankman-Fried, the former CEO Read more…