RBA raises the cash rate target by 25bps to 3.35% as widely expected. The Board also expects that “further increases in interest rates will be needed over the months ahead”. To assess “how much” further Read more…
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.35 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points Read more…
Atlanta Fed President Raphael Bostic told Bloomberg News yesterday, last week’s strong non-farm payroll report will probably mean we have to do a little more work… And I would expect that that would translate into Read more…
BoE Chief Economist Huw Pill said yesterday, “I do have high degree of confidence (about getting inflation to target) because we know what we’re going to do. We’ve done a lot to achieve it, we’re Read more…
Summary of the RBA’s February 2023 statement: The RBA hiked the cash rate target by 25 basis points to 3.35% Underlying inflation was above expectations at 6.9% Strong domestic demand is adding to the inflationary Read more…
This week, there are a few high-probability trade ideas I’d like to recommend to you. Trading these setups, be sure to implement a proper risk management approach. GBPAUD After price initially broke below the low Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price Read more…
Key Highlights GBP/USD declined sharply below the 1.2250 support. It traded below a major bullish trend line at 1.2370 on the 4-hours chart. EUR/USD extended its decline below the 1.0800 support. Gold price might decline Read more…
The Reserve Bank of Australia meets on Tuesday this week at its February Interest Rate Decision meeting. Prior to the most recent release of the CPI data, expectations were for the RBA to only hike Read more…
USDJPY broke resistance level 130.80 Likely to rise to resistance level 135.00 USDJPY recently broke sharply above the resistance level 130.80, which is the upper boundary of the sideways price range inside with the pair Read more…