US stocks staged a strong comeback overnight, with DOW staging the first-ever 1000-point-plus intraday U-turn. It’s down -1100 pts at initially trading but closed up 11 pts eventually. Yet, risk-off sentiment remains dominant in Asia. Read more…
Australia NAB business confidence dropped sharply from 12 to -12 in December. Business conditions dropped from 11 to 8. Trading conditions was unchanged at 14. Profitability conditions rose from 8 to 10. Employment conditions dropped Read more…
Australia CPI rose 1.3% qoq, 3.5% yoy in Q4, well above expectation of 1.0% qoq, 3.2% yoy. RBA trimmed mean CPI rose 1.0% qoq, 2.6% yoy, also above expectation of 0.7% qoq, 2.4% yoy. The Read more…
BoJ Governor Haruhiko Kuroda told the parliament today, “the BOJ will continue its ultra-easy policy so improvements in corporate profits and the economy prop up wages and gradually accelerate consumer inflation.” “We remain vigilant to Read more…
Key Highlights GBP/USD started a fresh decline below the 1.3600 support. A key bearish trend line is forming with resistance near 1.3520 on the 4-hours chart. EUR/USD declined below the 1.1320 support, with risk of Read more…
Headline CPI 1.3%qtr/3.5%yr; trimmed mean 0.97%qtr/2.6%yr, weighted median 0.95%qtr/2.7%yr. Core inflation is now above the mid-point of the RBA’s inflation target, not something the RBA was expecting in its forecast profile this early nor of Read more…
The biggest driver of the US Dollar this week will be the FOMC interest rate decision on Wednesday. The committee is expected to leave interest rates on hold; however the key to watch will be Read more…
Evidence of nine Omicron cases discovered in the Nelson-Tasman region of New Zealand last week prompted a move from orange to red light traffic setting over the weekend, meaning new restrictions have come into force. Read more…
The Bank of Canada meets on Wednesday to discuss monetary policy. At its last meeting in December, the Committee left rates unchanged at its all-time low of 0.25% and said it doesn’t see a rate Read more…
Traders expect this week’s Fed meeting to be the proverbial “calm before the storm” of aggressive Fed tightening throughout the rest of the year – see what the possibilities are! On the face, this week’s Read more…