Asian Indices: Australia’s ASX 200 index fell by -34.9 points (-0.46%) and currently trades at 7,504.10 Japan’s Nikkei 225 index has fallen by -9.28 points (-0.03%) and currently trades at 27,684.37 Hong Kong’s Hang Seng Read more…
Rising geopolitical tensions between the US versus China and Russia, and the hawkish Federal Reserve (Fed) expectations weighed on market sentiment at the start of the week. The US yields, the US dollar and gold Read more…
Market movers today Fed Chairman Powell will be interviewed at a live transmitted event at the Economic Club of Washington, D.C., beginning at 18.00 CET. This could give Powell an opportunity to mitigate the markets’ Read more…
Credit: Qualcomm A leaker has claimed that Qualcomm could offer more complicated Snapdragon processor names. The company could purportedly offer names like Snapdragon 7 Gen 2P and 7 Gen 2T.
Credit: Calvin Wankhede / Android Authority Microsoft is holding a press conference later today, and ChatGPT announcements are very much on the cards. OpenAI CEO Sam Altman is also in Redmond for the event. We Read more…
Governor’s statement slightly more hawkish than in December. We confirm our forecast for the cash rate to peak at 3.85% in May. The Reserve Bank Board decided to increase the cash rate from 3.10% to Read more…
Daily Pivots: (S1) 0.6844; (P) 0.6896; (R1) 0.6937; More… Intraday bias in AUD/USD is turned neutral first with current recovery. Correction from 0.7156 could still extend lower. But downside should be contained by 38.2% retracement Read more…
Australian Dollar recovered broadly today following hawkish RBA rate hike, which signals more tightening ahead. The rebound in Aussie also takes New Zealand Dollar higher. On the other hand, Dollar is once again consolidating overnight Read more…
RBA raises the cash rate target by 25bps to 3.35% as widely expected. The Board also expects that “further increases in interest rates will be needed over the months ahead”. To assess “how much” further Read more…
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.35 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points Read more…