According to RBNZ’s latest Survey of Expectations, one-year inflation expectation fell by 38 basis points from 3.60% to 3.22%, marking its lowest point since September 2021. The survey also indicates a growing consensus, with more Read more…
We continue to think the OCR will remain at 5.5% at the February Monetary Policy Statement. Resilience in domestic inflation pressures and the labour market will be of concern to the RBNZ. But very weak Read more…
DXY: The DXY chart currently reflects a neutral momentum, suggesting a lack of clear direction in the market. There’s a possibility of price fluctuating between the 1st resistance and 1st support levels. The 1st support Read more…
Key Highlights Gold prices started a fresh decline from the $2,060 resistance. It traded below a key bullish trend line with support at $2,025 on the 4-hour chart. EUR/USD is consolidating losses below the 1.0830 Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Winter weather isn’t over yet and temperatures are still below freezing Read more…
Australia NAB Business Confidence improved slightly form 0 to 1 in January. Despite this marginal improvement, Business Conditions dropped from 8 to 6, with notable decreases in trading conditions from 11 to 8, profitability conditions Read more…
Australia Westpac Consumer Sentiment Index surged by 6.2% mom to 86 in February, marking the highest level since June 2022. This increase also represents the largest monthly gain since April of the previous year, which Read more…
Marion Kohler, RBA’s Head of Economic Analysis, noted in a speech that inflation is “still high” but acknowledged a welcome trend: it’s decreasing “at a slightly faster rate” than what RBA had forecasted three months Read more…
In a speech overnight, ECB Executive Board member Piero Cipollone suggested that additional tightening of monetary policy may not be necessary to rein in inflation. His remarks hint at a potentially less restrictive approach going Read more…
UK wage growth key to BoE sustainably hitting inflation target GBPJPY struggling near recent highs Divergence points to loss of momentum The coming days offer several important data points for the UK that could help Read more…