RBA raises cash rate by 25bps to 3.10% as widely expected. Tightening bias is maintained as “the Board expects to increase interest rates further over the period ahead”, even though it’s “not on a pre-set Read more…
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.10 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points Read more…
Those stocks make sense, given the relatively flat forecast for stocks over the next six months by Goldman strategists. Goldman Sachs strategists think that interest rates will drive stocks over the next six months. The Read more…
Key Highlights GBP/USD rallied above the 1.2200 and 1.2250 levels. A major bullish trend line is forming with support near 1.2170 on the 4-hours chart. EUR/USD started a consolidation phase above the 1.0450 support. Gold Read more…
BoJ Governor Haruhiko Kuroda told the parliament, “the BOJ is seeking to sustainably and stably achieve its 2% inflation target accompanied by wage growth. Our view is that this will likely take more time.” “It’s Read more…
The US dollar steamrolled every other major currency this year, capitalizing on a perfect storm of widening interest rate differentials, safe-haven flows, and an absence of attractive alternatives. This ferocious rally could extend into next Read more…
The Reserve Bank of Australia meets on Tuesday to discuss interest rate policy. Markets are currently pricing in nearly a 60% chance of a 25bps rate hike. However, there is an outside chance the RBA Read more…
Gold has sold off thanks to a rebound in US dollar and bond yields. The fact that the yellow metal has turned lower from a key level makes today’s reversal eye-catching as the chart suggests Read more…
The company could be facing another labor board complaint. | Illustration by Nick Barclay / The Verge Apple illegally interrogated and made coercive statements to employees during a union drive at one of its retail Read more…