Gold rises further to as high as 1878.84 so far today. The break of 1877.05 resistance indicates resumption of whole rally from 1682.60. Further rally will be expected as long as 1850.63 support holds. 1916.30 Read more…
Key Highlights GBP/USD is still struggling to clear the 1.3600 resistance zone. It traded below a crucial bullish trend line with support near 1.3550 on the 4-hours chart. EUR/USD is showing a few bearish signs Read more…
The minutes of the Reserve Bank’s Board meeting for February support the “patient” rhetoric of earlier communications. There is some new information on the treatment of the balance sheet although balance sheet action does not Read more…
In the minutes of February 1 meeting, RBA reiterated that it “will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target band.” It’s “too early to conclude that it Read more…
Videoconference – 1 February 2022 Members present Philip Lowe (Governor and Chair), Guy Debelle (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Carol Schwartz AO, Alison Read more…
Japan GDP grew 1.3% qoq in Q4, slightly below expectation of 1.4% qoq. In annualized term, GDP grew 5.4%, below expectation of 5.8%. Private consumption grew 2.7% qoq, accounting for much of the growth. Capital Read more…
BoJ Governor Haruhiko Kuroda reiterated that the baseline forecast is for Japan’s economy and prices to gradually pick up as rising real household income underpins consumption. Nevertheless, the “economic and price conditions warrant maintaining our Read more…
Short term Elliott Wave view in NZDJPY suggests that decline from January 5, 2022 peak is unfolding as a 5 waves impulse structure. Down from January 5 peak, wave (1) ended at 75.24 on January Read more…
In 2021 the key driver of gold was movements in real yields and the U.S. dollar. However, in late November, evidence emerged that this was no longer the case. Despite a hawkish Fed shift that Read more…
Tesla’s CEO, the world’s richest man, made the five-day donation last November, according to an SEC filing. Elon Musk is omnipresent on Twitter, where he does not hesitate to respond to his critics. But most Read more…