US stocks recovered overnight after Fed delivered the 75bps rate hike as market priced in, while Dollar and yields retreated. Asian markets are mixed with some weakness seen in Hong Kong HSI. For the week, Read more…
The cryptocurrency market tries to catch its breath after days of endless crashes. The cryptocurrency market needs a break. After days of continuous tumble, the prices of digital currencies seem to want to take a Read more…
SNB and BoE rate decisions are the next focuses for today. SNB is expected to policy unchanged today but start turning up a hawkish tone, setting the stage for the first rate hike in 15 Read more…
Australia employment rose 60.6k in May, better than expectation of 25.0k. Full-time jobs rose 69.4k while part-time jobs dropped -8.7k. Unemployment rate was unchanged at 3.9%, above expectation of 3.8%. Participation rate rose 0.3% to Read more…
New Zealand GDP contracted -0.2% qoq in Q1, much worse than expectation of 0.6% qoq. StatsNZ said: “Primary industries drove the decrease in GDP, down 1.2 percent in the quarter. Goods producing industries also experienced Read more…
US stocks closed higher overnight even though FOMC delivered an “uncommon” mega hike of 75bps. Fed Chair Jerome Powell also indicated at the post-meeting press conference that “either a 50 basis point or a 75 Read more…
USD/CAD 45 minutes chart below shows that the pair has ended 3 wave pullback from June 15 high in wave 2. The pullback unfolded as double three Elliott Wave structure and ended at 1.3482 low. Read more…
DXY: On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to our 1st resistance at 106.035 where the 127.2% fibonacci extension and 61.8% fibonacci projection Read more…
Summary The 75 bps rate hike by the FOMC today—the largest in 27 years—demonstrates the Committee’s growing concern over inflation as well as its increased commitment to restore price stability. The move takes the fed Read more…
Key takeaways As expected, the Fed hiked the target range by 75bp to 1.50-1.75% and left the QT programme unchanged. Fed Chair Jerome Powell mentioned that the Fed can hike by another 75bp in July Read more…