UK number of payrolled employees rose 31k in the month of June to a record 29.6m. Comparing with June 2021, payrolled employees rose 3.0% or 874k. Claimant count dropped -20k in the month, versus expectation Read more…
Daily Pivots: (S1) 0.6783; (P) 0.6819; (R1) 0.6848; More… Intraday bias in AUD/USD remains neutral with focus on 0.6873 minor resistance. Firm break there should confirm short term bottoming at 0.6680, on bullish convergence condition Read more…
Australian Dollar trades mildly higher in Asian session, after RBA minutes affirmed that further tightening is underway. New Zealand is also supported by somewhat steady risk sentiment. Canadian Dollar is also limited after WTI crude Read more…
In a speech, RBA Deputy Governor Michelle Bullock said households are in a “fairly good position” for interest rate increases. It’s “unlikely” that there will be substantial financial stability arising from the household sector, but Read more…
In the minutes of the July 5 meeting, RBA noted that members considered raising interest rates by 25bps or 50bps. The arguments for a 50bps hike were “stronger”. “The level of interest rates was still Read more…
Hybrid – 5 July 2022 Members participating Philip Lowe (Governor and Chair), Michele Bullock (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Carol Schwartz AO, Alison Read more…
The ECB has a tremendously difficult job and I certainly don’t envy them. They’re trying to set policy amidst a war, an energy crisis, messy Italian politics, unprecedented inflationary pressures (8.6% headline) as well as Read more…
DXY: On the H4, with prices breaking out of the ascending channel, we have a bearish bias that prices will rise and drop from the 1st resistance at 108.043 where the 61.8% fibonacci projection and Read more…
With Asian markets in a more cautious mood after being wrongfooted by the overnight sell-off on Wall Street, the focus this morning has been on the RBA Board meetings for July. The RBA minutes noted Read more…
Will central banks be able to raise rates fast enough to keep higher inflation at bay, while simultaneously keeping the world out of a recession? The rise in inflation has not slowed down! As a Read more…