Hybrid – 6 December 2022 Members participating Philip Lowe (Governor and Chair), Michele Bullock (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Carol Schwartz AO Members Read more…
Yen surges broadly today after BoJ surprisingly raise 10-year yield cap from 0.25% to 0.50%. AUD/JPY finally breaks through 90.81 support decisively to resume the decline from 99.32. The strong break of a near term Read more…
BoJ surprises the markets today by widening the band of 10-year JGB yield from 0.25% to 0.50% today. At the same time, short term policy rate is kept unchanged at -0.10% as expected. Under the Read more…
Despite the pause consideration the case was weak – expect another hike of 25 in February. The Reserve Bank Board considered three options in its deliberations at the December Board meeting. The options were: 50 Read more…
Key Highlights GBP/USD corrected lower sharply from the 1.2450 resistance zone. A key bullish trend line is forming with support near 1.2140 on the 4-hours chart. EUR/USD is struggling to stay above the 1.0550 support Read more…
An argument is brewing on Capitol Hill about the fees banks charge customers. Financial companies in the U.S. have been regulated by the Consumer Financial Protection Bureau (CFPB) since it was founded following the financial Read more…
Elon Musk’s recent Twitter poll elicited a surprising response. At this point, “Twitter CEO Elon Musk Has Upset People” is a news item roughly synonymous with “dog bites man” and “water remains wet.” But even Read more…
The Federal Reserve uses open market operations to implement monetary policy as set by the Federal Open Market Committee. Canva What Are Open Market Operations? Open market operations refer to a central bank’s purchase and Read more…
The chain’s Original Chicken Sandwich is being given a new spin. Time flies fast and we are, at the end of 2022, more than three years into the chicken sandwich wars. Throughout that time, everyone from Read more…