UK payrolled employment falling -by 78k in March, down 0.3% mom. Median monthly pay growth also moderated to 4.8% yoy from 5.5% yoy, pointing to easing wage pressures. Meanwhile, claimant count rose by 18.7k, less Read more…
Markets The first session of the Easter trading week evolved relatively quietly especially when compared to last week’s turbulence. US assets got some reprieve. Daily changes on the US yield curve ranged between -6.2 bps Read more…
Markets kicked off the week on a positive note on relief regarding the consumer electronics tariffs – that will not be exempt but will be part of a different ‘tariff bucket’ (20% instead of 145% Read more…
Daily Pivots: (S1) 0.6287; (P) 0.6315; (R1) 0.6355; More… AUD/USD’s rally from 0.5913 is still in progress and intraday bias stays on the upside. Firm break of 0.6407 resistance will pave the way to 61.8% Read more…
Commodity currencies, including Australian, New Zealand, and Canadian Dollars, are trading broadly higher in today’s Asian session, buoyed by continued recovery in global stock markets. Sterling is also advancing alongside, supported by improving risk sentiment. Read more…
The minutes from RBA’s March 31–April 1 meeting revealed emphasized that it was “not yet possible to determine the timing of the next move in interest rates.” The Board emphasized the importance that the “next Read more…
Sydney – 31 March and 1 April 2025 Members present Michele Bullock (Governor and Chair), Andrew Hauser (Deputy Governor and Deputy Chair), Marnie Baker, Renée Fry-McKibbin, Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Iain Ross AO, Alison Watkins AM Others present Sarah Hunter (Assistant Governor, Economic), Brad Jones (Assistant Governor, Financial System), Read more…
Atlanta Fed President Raphael Bostic warned that the Trump administration’s tariff measures and broader policy ambiguity have effectively pushed the economy into a “big pause,” making it difficult for the Fed to chart a clear Read more…
Key Highlights GBP/USD started a fresh increase above the 1.3120 resistance. It cleared the 1.3150 zone and retested the 1.3200 resistance on the 4-hour chart. EUR/USD is consolidating gains above the 1.1280 support zone. Gold Read more…
In a speech overnight, Fed Governor Christopher Waller laid out two divergent scenarios for US tariff policy and their economic fallout. The first scenario assumes high tariffs, near average 25% or more, and remain in Read more…