Global equities, bonds, commodities and currencies rallied, as the US dollar eased further yesterday. Soft US JOLTS data, and softer-than-expected Reserve Bank of Australia (RBA) hike sent a wave of optimism across the global markets. Read more…
Market movers today Today, we get the final September service PMIs globally and the ISM service index in the US. Earlier in the week, the US ISM manufacturing index disappointed by falling to 50.9 vs. Read more…
USD/JPY: The price is moving in a clear bullish trend on the H4 chart. In addition, the price is above the ichimoku cloud, a bullish market indicator. Overnight, the price responded lower off of the Read more…
Daily Pivots: (S1) 0.9862; (P) 0.9930; (R1) 1.0055; More… EUR/USD’s rebound from 0.9534 is still in progress and intraday bias stays on the upside. Considering bullish convergence condition in daily MACD, sustained break of 55 Read more…
New Zealand Dollar rises broadly in quiet markets today, after RBNZ delivered the 50bps rate hike as widely expected, clearing the doubt that it will follow RBA and opt for a smaller hike. Dollar remains Read more…
AUD/NZD spikes lower after RBNZ’s 50bps rate hike. The development also came with the background that RBA disappointed the markets with a 25bps hike yesterday. Technically, a short term top was in place at 1.1489 Read more…
RBNZ raises Official Cash Rate by 50bps 3.50% as widely expected. In the summary of record it’s noted that the Committee considered whether to hike by 50bps or 75bps, but decided that 50bps was appropriate Read more…
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3.5% from 3.0%. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and contribute Read more…
The RBNZ delivered another 50 basis point OCR hike to 3.5%, and hinted that the urgency to deal with inflation pressures has increased. RBNZ Monetary Policy Review, October 2022 The Reserve Bank increased the Official Read more…
The RBNZ hiked for an eight consecutive meeting to take interest rates to 3.5%. Highlights from the meeting record: Inflation is currently too high and employment is beyond its maximum sustainable level. …a lower New Read more…