The Monthly CPI Indicator rose 7.3% in the year to November splitting Westpac’s 7.4%yr forecast and the market’s 7.2%yr. The most significant contributors to the annual rise in November were housing (+9.6%yr), food & non-alcoholic beverages (+9.4%yr), transport (+9.0%yr), furniture, household equipment & services (+8.4%yr) and recreation & culture (+5.8%yr). In the month the CPI […]
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Key Highlights Gold started a fresh decline from $5,240 and traded below $5,120. A major bearish trend line is forming with resistance at $5,075 on the 4-hour chart. WTI Crude Oil surged toward $102 before Read more…