Real data is unlikely to be decisive for policy in coming months, leaving market expectations to determine financial conditions. At their July meeting, the FOMC voted 9-3 to leave the fed funds rate unchanged. Productivity growth and capital investment were characterised as “strong” and overall economic momentum “solid” despite considerable uncertainty. Labour demand and supply […]
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Key Highlights USD/CHF gained strength for a move above 0.8150. A rising channel is forming with support at 0.8170 on the 4-hour chart. EUR/USD is now at risk of a move below 1.1350. Gold prices Read more…
Australia’s import prices surged 5.7% qoq in the second quarter, far exceeding expectations of a flat reading and marking the largest quarterly increase since the December 2021 quarter. The sharp acceleration underscores the extent to Read more…
New Zealand business confidence strengthened sharply in July, with ANZ’s Business Outlook survey suggesting firms have become increasingly optimistic about the economic outlook despite heightened geopolitical uncertainty. Headline business confidence rose sharply to 56.1 from Read more…