Headline CPI 1.9%qtr/7.8%yr; Trimmed Mean 1.7%qtr/6.9%yr; Weighted Median 1.6%qtr/5.8%yr. Hospitality services most important factor in the upside surprise in the December quarter but with the Trimmed Mean coming in broadly as expected this suggests the Read more…
New Zealand CPI rose 1.4% qoq in Q4, slightly below expectation of 1.5% qoq. Annual CPI was unchanged at 7.2% yoy, above expectation of 7.1% yoy, comparing to the peak at 7.3% yoy in Q2. Read more…
ECB Governing Council member Gediminas Simkus said yesterday, “core inflation remains strong and demonstrates that the fight against inflation is not over.” “There’s a strong case for staying on the course that’s been set for Read more…
SNB Vice Chairman Martin Schlegel said yesterday, “we cannot rule out further interest increases at present,” even though inflation is forecast to fall back to 2.4% in 2023, and 1.8% in 2024. “The maintenance of Read more…
NZ CPI Review: Lower RBNZ OCR Peak Now Expected We have revised down our forecast for Official Cash Rate hikes from the RBNZ. We now expect a 50 bp rise in the OCR at the Read more…
Today’s inflation report is one that matches Australia’s weather. Hot. Choose your flavour – core CPI, trimmed mean or weighted – they’re all above expectations with no obvious signs of a ‘peak’ in sight. And Read more…
Since bottoming on October 12th, 2022, at 0.6170, AUD/USD has been on a tear higher. In roughly three months, the pair retraced to the 61.8% Fibonacci level from the highs of 2022 to the lows Read more…
Key Highlights USD/CAD extended losses below the 1.3450 support. A major bearish trend line is forming with resistance near 1.3445 on the 4-hours chart. EUR/USD is eyeing more gains above the 1.0900 resistance zone. The Read more…
In the present article, we are going to take a look on the weekly chart of EURCHF: Euro Swiss forex pair. In a quiet natural way, this cross is a ratio of two pairs: EURUSD Read more…
WTI crude oil reversed from resistance level 96.00 Likely to fall to support level 78.0 WTI crude oil recently reversed down from the pivotal resistance level 96.00 (which has been reversing the price from the Read more…