Daily Pivots: (S1) 0.9770; (P) 0.9808; (R1) 0.9862; More… Intraday bias in EUR/USD remains neutral first. On the upside, firm break of 0.9863 support turned resistance will bring stronger rise to 55 day EMA (now Read more…
Despite the surprise on this move we retain our forecast that the terminal rate in this cycle will be 3.6%, with a series of 25 basis point moves out to March 2023 (previously February 2023). Read more…
USD/JPY: On the H4 chart, price is in a strong bullish trend. Furthermore, the price is above the ichimoku cloud, indicating that the market is bullish. Price broke through the 145 level overnight but failed Read more…
Daily Pivots: (S1) 1.1159; (P) 1.1247; (R1) 1.1408; More… Intraday bias in GBP/USD stays on the upside at this point. Rise from 1.0351 short term bottom is in progress. Further rally would be seen to Read more…
Australian Dollar dips broadly today after RBA delivered a smaller than expected rate hike. But the selloff in Aussie is so relatively limited. New Zealand Dollar follows lower, ahead of tomorrow’s RBNZ rate decision. RBNZ Read more…
New York Fed President John Williams said yesterday, “Clearly, inflation is far too high, and persistently high inflation undermines the ability of our economy to perform at its full potential. Tighter monetary policy has begun to Read more…
BoE MPC member Catherine Mann said yesterday that it’s “premature” to judge the extent of UK Prime Minister Liz Truss’s budget is going to affect “monetary policy trajectory decisions”. “I people don’t have to spend Read more…
RBA raises the cash rate target by only 25bps to 2.60%, smaller than expectation of a 50bps hike. Tightening bias is maintained as the board “expects to increase interest rates further over the period ahead”. Read more…
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points Read more…
OPEC+ meets on Wednesday to determine what should be done about the amount of crude oil that it supplies to the market. Two weeks ago, the talk seemed to be whether the countries should do Read more…