Overall, the markets are pretty quiet as focuses turns to Fed’s rate hike and guidance today. Dollar is consolidating in tight range, preparing for the next move. For now, Aussie and Loonie are the stronger Read more…
Fed is widely expected to raise federal funds rate by 50bps to 0.75-1.00% today. With markets pricing in 99.1% chance of that, there is no reason for Fed to rock the boat. Also, Fed is Read more…
Australia retail sales rose 1.6% mom to new record AUD 33.6B in March, well above expectation of 0.5% mom. Over the 12-month period, sales rose 9.4% yoy. Director of Quarterly Economy Wide Statistics, Ben James, Read more…
New Zealand employment rose 0.1% qoq in Q1, matched expectations. However, total actual weekly hours worked dropped slightly by -0.2%. Unemployment rate was unchanged at 3.2%, slightly above expectation of 3.1%. Participation rate dropped -0.1% Read more…
In an interview, ECB Executive Board member Isabel Schnabel “a rate increase in July is possible in my view.” But she added, “We of course have to wait and see how the data evolve up to Read more…
The Bank of England looks set to hike rates by 0.25%, but how will this impact the pound? A 25-basis-point rate hike from the Bank of England’s Monetary Policy Committee on Thursday looks like a Read more…
The BoE are in a tight spot, faced with some difficult choices, which will have significant consequences for the fundamentals of the UK economy. Their credibility is on the line. Read below to find out Read more…
The Fed is almost certain to raise interest rates by half a percentage point and begin shrinking its enormous balance sheet when it concludes its meeting at 18:00 GMT Wednesday. Then on Friday, the employment Read more…
DXY: On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 103.706 where the swing high resistance is from our 1st Read more…
Key Highlights AUD/USD declined sharply below the 0.7200 support zone. A major resistance is forming near 0.7200 and 0.7240. Gold price broke the $1,900 support to move into a short-term negative zone. The US ADP Read more…