Credit: Calvin Wankhede / Android Authority Microsoft is holding a press conference later today, and ChatGPT announcements are very much on the cards. OpenAI CEO Sam Altman is also in Redmond for the event. We Read more…
Governor’s statement slightly more hawkish than in December. We confirm our forecast for the cash rate to peak at 3.85% in May. The Reserve Bank Board decided to increase the cash rate from 3.10% to Read more…
Daily Pivots: (S1) 0.6844; (P) 0.6896; (R1) 0.6937; More… Intraday bias in AUD/USD is turned neutral first with current recovery. Correction from 0.7156 could still extend lower. But downside should be contained by 38.2% retracement Read more…
Australian Dollar recovered broadly today following hawkish RBA rate hike, which signals more tightening ahead. The rebound in Aussie also takes New Zealand Dollar higher. On the other hand, Dollar is once again consolidating overnight Read more…
RBA raises the cash rate target by 25bps to 3.35% as widely expected. The Board also expects that “further increases in interest rates will be needed over the months ahead”. To assess “how much” further Read more…
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.35 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points Read more…
Atlanta Fed President Raphael Bostic told Bloomberg News yesterday, last week’s strong non-farm payroll report will probably mean we have to do a little more work… And I would expect that that would translate into Read more…
BoE Chief Economist Huw Pill said yesterday, “I do have high degree of confidence (about getting inflation to target) because we know what we’re going to do. We’ve done a lot to achieve it, we’re Read more…
Summary of the RBA’s February 2023 statement: The RBA hiked the cash rate target by 25 basis points to 3.35% Underlying inflation was above expectations at 6.9% Strong domestic demand is adding to the inflationary Read more…
This week, there are a few high-probability trade ideas I’d like to recommend to you. Trading these setups, be sure to implement a proper risk management approach. GBPAUD After price initially broke below the low Read more…