RBA raises cash rate target by 50bps to 0.85% today, larger than expectation of 40bps. Interest rate on exchange settlement balances is also lifted by 50bps to 75bps. The central bank also maintains tightening bias, Read more…
At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 85 basis points. It also increased the interest rate on Exchange Settlement balances by 50 basis points Read more…
Short Term Elliott Wave View in FTSE suggests rally from 3/7/2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 3/7 low, wave (1) ended at 7669.56 and pullback in wave Read more…
DXY: On the H4, with RSI moving in a descending channel, we have a bearish bias that price will drop to our 1st support at 101.668 where the horizontal swing low support and 78.6% fibonacci Read more…
BoJ Governor Haruhiko Kuroda said that a weak Yen is “beneficial” for Japan’s economy if the moves are “not too sharp”. He emphasized again that the moves in currency markets should reflect “fundamentals”, and the Read more…
Australia AiG Performance and Services Index dropped sharply from 57.8 to 49.2 in May, indicating mild contraction. Sales dropped -13.0 pts to 50.7. Employment dropped -10.4 to 47.4. New orders dropped -3.3 to 49.7. Input Read more…
The British pound hit some turbulence overnight thanks to the confidence vote (or lack of) for UK’s Prime Minister, Boris Johnson. GBP initially rallied on expectations that he would win, yet most of those gains Read more…
US 10 Year yields are up for the 6th consecutive day after news from China has led to optimism in the markets and, therefore, bond selling. Shanghai is up and running again in full force Read more…
With interest rate decisions from both the RBA and the ECB, EUR/AUD has the potential to be volatile this week. The Eurozone CPI for May released last week showed that inflation increased by 8.1% YoY Read more…
In this blog, we will take a look at the recent rally in Nasdaq Futures up from May 20, 2022 low, structure of this rally and some charts from the recent past showing our forecast Read more…