Market picture The crypto market added 2.4% in 24 hours to $1.43 trillion and went back to test highs since May 2022. Bitcoin added 3% during this time, Ethereum 2.75%, and Solana was the top Read more…
On Tuesday, gold (XAU) rose towards 2,050, reaching its highest point in almost seven months. The increase happened primarily due to a significant drop in the U.S. dollar following dovish comments from Federal Reserve (Fed) Read more…
The Australian dollar (AUD) gained 0.64% on Tuesday, as the U.S. dollar was weakening on fuelling expectations that the Federal Reserve (Fed) has finished hiking interest rates. Possible effects for traders AUD is a risk-sensitive Read more…
The OCR remained at 5.5% as Westpac and the market had expected. The RBNZ’s projections for the OCR were revised 10bp higher to a peak of 5.69% in September 2024, implying around a 75% chance Read more…
USDJPY continues its decent downtrend It now tests the support set by the 100-day SMA Momentum indicators support the current move USDJPY is again lower today, recording its fifth consecutive red candle for the first Read more…
NZDUSD posts aggressive bullish rally Price penetrates 200-day SMA to the upside Technical signals are strongly bullish NZDUSD skyrocketed to a fresh almost four-month high above the 0.6200 round number earlier today. The strong rebound Read more…
Markets Higher bonds/lower yields was the ‘default’ trend so far this month and reinforced yesterday by comments from Fed’s Waller, usually one of the more hawkish members of the Fed MPC. Contrary to what was Read more…
RBNZ has maintained the OCR at 5.50% for the fourth consecutive time and matched market consensus. Hawkish forward guidance by RBNZ where its latest projected terminal rate of the OCR has been revised upwards to Read more…
The US bonds extended their rally ladies and gentlemen, as one of the Federal Reserve’s (Fed) most hawkish members, Christopher Waller, said in a speech named ‘Something appears to be giving’ that he is ‘increasingly Read more…
Market movers today In the euro area, today’s main focus will be on preliminary inflation data from Germany and Spain. The November figures will give markets the first sense of what to expect from the Read more…