At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. It also decided to cease further Read more…
Australia retail sales dropped -4.4% mom in December, much worse than expectation of -1.9% mom. That’s also the largest monthly decline since April 2020. “Despite this month’s fall, retail turnover remains strong, up 4.8 per Read more…
Australia AiG Performance of Manufacturing Index dropped sharply by -6.4 pts to 48.4 in January. Production dropped -0.6 to 51.9. Employment dropped -4.6 to 45.4. New orders dropped -8.0 to 51.3. Supplier deliveries dropped -15.6 Read more…
Richmond Fed President Thomas Barkin said yesterday, “as I talk to participants in the economy, what I hear is they actually want us to do something now about inflation. They’d like us to get back Read more…
Atlanta Fed Bank President Raphael Bostic said, 50bps hike in March was “not my preferred policy action.” He added, “I had three rate increases in mind. March is looking like the right time” to get that Read more…
San Francisco Fed Bank President Mary Daly said “we definitely are poised for a March increase.” But she added, “after that, I want to see what the data brings us … let’s get through Omicron, Read more…
Kansas City Fed President Esther George said Fed’s policy normalization approach could be more aggressive on balance sheet reduction, rather than faster rate hikes. “What we do on the balance sheet is likely to affect Read more…
Short Term Elliott Wave view in Bitcoin (BTCUSD) suggests the rally from January 24, 2022 low is in progress as a double three Elliott Wave structure. Up from January 24 low, wave W ended at Read more…
Key Highlights GBP/USD started a major decline from well above 1.3600. A key bearish trend line is forming with resistance near 1.3480 on the 4-hours chart. EUR/USD is attempting a recovery wave above 1.1180. The Read more…
The euro has been brutally knocked down by the US dollar lately and the big question now is whether the Eurozone’s impelling calendar events could help the common currency find its feet this week. The Read more…