We continue to see the RBNZ raising the cash rate to 5.75%, but in November instead of August. Evidence has accumulated suggesting persistent inflation pressures as feared. The economy is slowing from a very overheated Read more…
We continue to see the RBNZ raising the cash rate to 5.75%, but in November instead of August. Evidence has accumulated suggesting persistent inflation pressures as feared. The economy is slowing from a very overheated Read more…
Markets Fitch’s US rating downgrade from the top AAA to AA+ (stable outlook) didn’t go uncommented. Fitch cited a worsening budget situation, a high and growing debt burden and an erosion of governance (ie. narrowly Read more…
Fitch Ratings unexpectedly cut the US long-term credit rating by one notch to AA+. In response, markets have begun a gradual but broader risk repricing. The suddenness of Fitch’s move is disconcerting, given that the Read more…
US ADP private employment grew 324k in July, well above expectation of 195k. By sector, goods-producing jobs rose 21k while service-providing jobs rose 303k. By establishment size, small companies added 237k jobs, medium added 138k, Read more…
EURJPY is flirting with its 15-year high of 157.94 again that it registered in July, thanks to strong buying interest over the past three days. The pair bounced up with strong momentum following the nosedive to a six-week low of 151.39 last Read more…
EURJPY is flirting with its 15-year high of 157.94 again that it registered in July, thanks to strong buying interest over the past three days. The pair bounced up with strong momentum following the nosedive to a six-week low of 151.39 last Read more…
Daily Pivots: (S1) 1.6432; (P) 1.6525; (R1) 1.6699; More… Intraday bias in EUR/AUD is back on the upside with firm break of 1.6601 resistance. Further rally should be seen to 1.6785 high. Decisive break there Read more…
Daily Pivots: (S1) 1.6432; (P) 1.6525; (R1) 1.6699; More… Intraday bias in EUR/AUD is back on the upside with firm break of 1.6601 resistance. Further rally should be seen to 1.6785 high. Decisive break there Read more…
Daily Pivots: (S1) 1.0957; (P) 1.0980; (R1) 1.1008; More… Range trading continues in EUR/USD and intraday bias stays neutral at this point. Further fall is expected as long as 1.1148 resistance holds. Below 1.0942 will Read more…