Overview: A combo of renewed increases in commodity prices, very tight labour markets and high consumer inflation expectations continues to keep upward pressure on inflation intact. On a positive note, electricity prices in Europe have Read more…
Daily Pivots: (S1) 115.54; (P) 115.94; (R1) 116.40; More… Intraday bias in USD/JPY remains on the upside with focus on 116.34 high. Firm break there will resume larger up trend from 102.58. Next target is Read more…
Much volatility was seen in the markets overnight, but as dusts settled, risk-off sentiment dominated. Fed funds futures are now pricing in 94.7% chance of a 50bps rate hike by Fed after the strong CPI Read more…
In the latest Survey of Expectations of RBNZ, OCR expectations continued to rise in the short, medium and long term. OCR is expected to rise from current 0.75% to 1.05% by the end of Q1. Read more…
RBA Governor Philip Lowe told a parliamentary committee that it is “too early” to conclude that inflation is “sustainably in the target range”. He added, “in underlying terms, inflation has just reached the midpoint of Read more…
St Louis Fed President James Bullard said yesterday’s inflation report “shows continued inflationary pressure in the US” and is “concerning for me and for the Fed.” He added, “you have got the highest inflation in Read more…
ECB President Christine Lagarde said in an interview that raising interest rates “would not solve any of the current problems.” Instead, “if we acted too hastily now, the recovery of our economies could be considerably Read more…
Key insights from the week that was. The past week has had an intense focus on sentiment. In Australia, owing to the release of updates for both the consumer and business. And, in the US, Read more…
DXY: On the weekly, prices are on bullish momentum and abiding to an ascending trendline support. We see the potential for a bounce from our ascending trendline and 1st support at 95.793 in line with Read more…
Key Highlights USD/JPY climbed above the 115.00 and 115.50 resistance levels. There is a major bullish trend line forming with support near 115.20 on the 4-hours chart. EUR/USD is struggling below 1.1480, and GBP/USD could Read more…