Markets Since the beginning of the year up until mid-June, investors turned a blind eye to growth risks, focusing solely on inflation developments and changing reaction functions of central banks (normalization/tightening). This resulted in an Read more…
Gold consolidates as FOMC minutes hint at a slower pace of rate hikes. The price has met stiff pressure at the support-turned-resistance (1805), which lies at the origin of the July sell-off. A fall below Read more…
The pound softens as a 40-year high inflation rate could threaten Britain’s economic growth. After failing to hold above 0.8420, the euro has retreated to the start of the previous bullish breakout. 0.8380 is a Read more…
The New Zealand dollar weakened despite a 50bp hike by the RBNZ as risk sentiment fades. The pair hit resistance at 0.6460 and has given up most of its recent gains. A drop below 0.6300 Read more…
Daily Pivots: (S1) 0.6889; (P) 0.6959; (R1) 0.7008; More… AUD/USD’s fall from 0.7135 is still in progress and intraday bias stays mildly on the downside for 0.6868 support. Firm break there argue that whole rebound Read more…
Dollar is on the strong side in quiet trading in Asia, together with Yen and Swiss Franc. But the greenback is just staying in familiar range against. On the other hand, Euro and Sterling are Read more…
Credit: Robert Triggs / Android Authority The iPhone 14 series launch event could reportedly take place on September 7. Retail employees were apparently told to prepare for a major product release on September 16. Apple’s Read more…
Australia employment contracted -40.9k in July, much worse than expectation of 25.0k growth. Full time jobs decreased by 86.9k while part time jobs rose 46k. Unemployment rate dropped from 3.5% to 3.4%. Participation rate dropped Read more…
RBNZ Governor Adrian Orr told a parliamentary committee, “our core inflation is too high and that suggests at some point monetary policy was too loose for a period.” “I have already apologized for the current Read more…
The Australian jobs report for July has provided a messy mix. The unemployment rate fell to a 48-year low of 3.4%, despite the economy shedding 40,900 jobs, snapping a run of eight consecutive months of Read more…