Short Term Elliott Wave View in Silver (XAGUSD) suggests cycle from 3/8/2022 high ended as a 5 waves impulse structure at 20.42. This impulse wave lower ended wave (1). Wave (2) corrective rally is now Read more…
The Reserve Bank of New Zealand has today raised the Official Cash Rate by 50 basis points to 2.00%, a follow up to its 50bp rate hike in April. While this was widely expected, a Read more…
The Reserve Bank lifted the OCR by 50 basis points as widely expected, and signalled further large moves to come. While it’s a more assertive profile than we expected from the RBNZ today, it’s in Read more…
In May’s Monthly Economic Report, Japan’s government maintained that the economy “shows movement of picking up”. Private consumption, business investment and industrial production have “shown movement of picking up”. Exports were still “almost flat”. Employment Read more…
NZD/USD rises slightly after RBNZ rate hike, as rebound from 0.6215 short term bottom extends. Immediate focus is now on 0.6528 cluster resistance (38.2% retracement of 0.7033 to 0.6215 at 0.6527). Sustained break of 0.6527/8 Read more…
RBNZ raised the Official Cash Rate by 50bps to 2.00% as widely expected. The central bank now projects OCR to peak at 3.9% in Q2 of 2023, before moving down slightly starting from Q3 2024. Read more…
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and support maximum Read more…
Gold managed to move in positive territory in the previous week, rebounding from a 4-week losing streak. Yesterday, Monday the 23rd Gold jumped to a new weekly high price reigniting further bullish expectations for the Read more…
As April housing data winds down, the New Homes Sales print was ugly at -16.6% MoM. Expectations were for -1% MoM vs -10.5% MoM in March. The actual number of 591,000, seasonally adjusted, was the Read more…
The sad memories of the 2008 financial crisis resurfaced on the markets after a cryptic tweet from ‘Big Short’ legend Michael Burry. Are we about to relive the financial crash of 2008? The question is Read more…