At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances at 4 per cent. Underlying inflation is moderating. Inflation has fallen substantially Read more…
China’s Caixin PMI Manufacturing rose to 51.2 in March, up from 50.8 and marking a four-month high. According to Wang Zhe of Caixin Insight Group, the upbeat print points to a steady start to the Read more…
Japan’s manufacturing sector contracted further in March, with final PMI reading falling to 48.4 from February’s 49.0, marking the lowest level in a year. According to S&P Global, both output and new orders declined more Read more…
Japan’s Q1 Tankan survey revealed a mixed outlook for the economy, with sentiment among large manufacturers slipping for the first time in a year. The index fell from 14 to 12, in line with expectations, Read more…
Richmond Fed President Thomas Barkin highlighted growing concerns over the economic impact of the Trump administration’s upcoming tariffs. He told CNBC that the tariffs could both stoke inflation and weigh on the labor market. “Call Read more…
New York Fed President John Williams cautioned that the inflationary effects of new US tariffs could be “more prolonged” than initially anticipated. In an interview with Yahoo Finance, Williams emphasized that while the immediate price Read more…
Iconic casual restaurant chains have battled for survival over the last year with several filing for bankruptcy seeking to reorganize their businesses to continue operating as going concerns. All of these distressed restaurants first faced Read more…
Key Highlights Gold started a fresh surge and traded to a new record high above $3,130. It broke a major contracting triangle with resistance at $3,025 on the 4-hour chart. Bitcoin is still struggling to Read more…
XAU/USD surges as markets anticipate widespread tariffs, fueling recession fears. “Buy the rumor, sell the fact?” potential: Concern exists that gold’s rally may see a selloff if tariff announcements differ from expectations. The upcoming tariff Read more…
In recent years, the remembi paused its attempt to strengthen against the USD. In February 2014, the renminbi found support at 6.0153 as wave ((III)). From there, it formed a perfect zig-zag corrective structure, reaching Read more…