Market reactions were indecisive after Fed’s much-anticipated rate cut overnight. The initial optimism that sparked a rally in US stocks quickly fizzled out, with major indexes closing in the red, while Treasury yields staged a Read more…
Australia’s employment grew by a robust 47.5k in August, significantly exceeding expectations of 25.3k. While full-time employment declined slightly by -3.1k, part-time jobs saw a sharp increase of 50.6k, boosting the overall figure. The employment-to-population Read more…
New Zealand’s GDP contracted by -0.2% qoq in Q2, slightly better than the expected -0.4% qoq decline. Despite the overall negative figure, 7 out of 16 industries posted increases, with manufacturing leading the growth. GDP Read more…
Key Highlights USD/CAD started a decent increase above the 1.3500 resistance. A key bullish trend line is forming with support at 1.3550 on the 4-hour chart. GBP/USD remained in a bullish zone above the 1.3150 Read more…
Despite initial rally, major US stock indexes closed lower after Fed officially began its policy easing cycle with a 50bps rate cut, bringing the target range to 4.75-5.00%. While some may attribute the late selloff Read more…
New Zealand’s GDP fell by 0.2% in the June quarter. The result wasn’t as weak as expected, and will ease concerns that the economy might have been taking a turn for the worse. Key results Read more…
50bps delivered and another 50bps seen by year end by the FOMC. At the September meeting, the FOMC decided to cut by 50bps to begin their policy normalisation cycle. The Committee projects another 50bps of Read more…
AUDCAD broke pivotal resistance level 0.9170 Likely to rise to resistance level 0.9260 AUDCAD currency pair recently broke above the pivotal resistance level 0.9170 (which stopped the previous waves (1) and B last month). The Read more…
WTI reversed from round resistance level 70.00 Likely to fall to support level 68.00 WTI crude oil recently reversed down from the round resistance level 70.00 (former strong support from January). The resistance level 70.00 Read more…
The Federal Reserve cut rates by 50bp in the September meeting, against our call for only a 25bp cut. The new policy rate target is 4.75-5.00%. The updated dots signal a total of 50bp of Read more…