Consensus is expecting no change to BoJ’s monetary policy, but its policy statement and Governor Ueda’s press conference may signal an imminent shift away from short-term negative interest rates. Mounting pressures from public and private Read more…
Key Highlights Gold prices dropped toward the $1,970 support before the bulls appeared. A key bearish trend line is forming with resistance near $2,036 on the 4-hour chart. Crude oil prices started a recovery wave Read more…
New Zealand’s goods trade deficit narrowed from NZD 1.7B to NZD 1.2B in November, aligning largely with market expectations. Exports fell by NZD 337m, representing -5.3% yoy decline, settling at NZD 6.0B. Meanwhile, imports saw Read more…
BoC Governor Tiff Macklem, in an interview with Bloomberg overnight, indicated that interest rate cuts are being considered “sometime in 2024,” but he emphasized that this decision hinges critically on the sustained easing of core Read more…
San Francisco Fed Bank President Mary Daly, in a Wall Street Journal interview yesterday, suggested that it might be appropriate for policymakers to start considering rate cuts in 2024, especially considering the easing of inflation Read more…
Business confidence has continued to rise. However, there remains limited momentum in activity, and ongoing inflation pressures. Key results (December 2023) Business confidence: 33.2 (Prev: 30.8) Expectations for own trading activity: 29.3 (Prev: 26.3) Activity Read more…
Hybrid – 5 December 2023 Members participating Michele Bullock (Governor and Chair), Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Iain Ross AO, Elana Rubin AM, Carol Schwartz AO, Alison Watkins AM Others participating Read more…
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The S&P 500 is up nearly 25%, and the technology-heavy NASDAQ 100 is up over 50% in 2023. Stocks have been strong since late October; however, much of those gains happened in the first six Read more…