As we expected, the RBA Board kept rates on hold following its December meeting. Information received since the previous meeting in early November was considered ‘broadly in line’ with their expectations. The Governor’s decision statement Read more…
RBA left its policy cash rate unchanged at 4.35% in line with expectations. A slight dovish tonality in the monetary policy statement has reduced the expectations of a “hawkish pause”. Technical analysis suggests that the Read more…
Dow Futures (YM_F) shows incomplete sequence from 10.3.2022 low favoring further upside. Rally from 10.3.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 10.3.2022 low, wave (1) ended at 35228 Read more…
DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum. Price could potentially continue this bearish trend towards the 1st support at 103.02, which is identified as an overlap support. This level Read more…
RBA kept its cash rate target unchanged at 4.35%, aligning with market expectations. The central bank’s latest statement indicates continued openness to further rate hikes, but emphasizes that any such decision “will depend upon the Read more…
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Last month, the Board increased interest rates Read more…
Key Highlights GBP/USD rallied toward 1.2740 before it corrected lower. A key bullish trend line is forming with support near 1.2610 on the 4-hour chart. EUR/USD corrected lower below the 1.0880 support zone. The US Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Whether you don’t have an AirTag yet, are shopping for someone Read more…
China’s Caixin PMI Services rose from 50.4 to 51.5 in November, above expectation of 50.8. PMI Composite rose from 50.0 to 51.6. Wang Zhe, Senior Economist at Caixin Insight Group said: “Overall, the macroeconomy showed Read more…
Japan’s PMI Services for November was finalized at 50.8, down from October’s 51.6, marking the weakest reading since November 2022. PMI Composite also fell to 49.6, down from 50.5 in the previous month, indicating the Read more…