Daily Pivots: (S1) 1.1925; (P) 1.2003; (R1) 1.2133; More… GBP/USD’s rally from 1.0351 resumed by breaking through 1.2028 and intraday bias is back on the upside. Further rise should be seen to 100% projection of Read more…
Dollar is sold off broadly after FOMC minutes indicated that a “substantial majority” of policymakers judged that slowing rate hike would “soon be appropriate”. For now, New Zealand Dollar is the strongest for the week, Read more…
Japan PMI Manufacturing dropped from 50.7 to 49.4 in November, below expectation of 50.7. That’s the first contraction reading since January 2021. PMI Services dropped from 53.2 to 50.0. PMI Composite dropped from 51.8 to Read more…
RBNZ Governor Adrian Orr told a parliamentary committee, “We can all put our hands on our hearts across the committee and say we are officially contractionary with our monetary policy at this point.” “We need Read more…
BoC Governor Tiff Macklem told a parliamentary committee yesterday that the central bank is “still far from its goal” of ensuring “low, stable, predictable” inflation. “Inflation has come down in recent months, but we have Read more…
The minutes of FOMC November 1-2 meeting noted, the considerations that would influence the pace of future rate hikes include “the cumulative tightening of monetary policy to date, the lags between monetary policy actions and Read more…
November 1-2, 2022 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, November Read more…
Key Highlights Bitcoin price started an upside correction from the $15,450 zone. It cleared a major bearish trend line with resistance near $16,270 on the 4-hours chart. The price could struggle to clear the $16,800 Read more…
At the November 2nd FOMC meeting, members unanimously agreed to hike the Fed Funds rate by 75bps to bring the key rate to 3.75%-4.0%. The statement from the meeting said members agreed that ongoing rate Read more…
The minutes from the November 1-2, 2022 Federal Open Market Committee (FOMC) meeting showed that the Fed remains committed to bringing inflation back to target, but will likely moderate the pace of rate hikes. On Read more…