China’s PBoC cut the one year loan prime rate by 10 bps to 3.70%. The second rate cut since April 2020 following December’s. Five-year loan prime rate was lowered by 5bps to 4.60%, first cut Read more…
AUD/NZD soars in response to much better than expected Australia job data, and heightened expectation of RBA rate hike this year. The strong break of 100% projection of 1.0278 to 1.0610 from 1.0314 at 1.0646 Read more…
Australia employment grew 64.8k in December to 13.242m, well above expectation of 30.0k. Full time jobs rose 41.5k while part-time jobs rose 23.3k. Unemployment rate dropped from 4.6% to 4.2%, better than expectation of 4.5%. Read more…
Summary The Canadian economy enjoyed a solid rebound in late 2021, though with the Omicron variant leading to a renewed increase in COVID cases, some uncertainties have re-emerged. A temporary soft patch seems likely in Read more…
Following an impressive gain of +366k jobs in November, the Australian economy added another +64.8k job in December. The seasonally adjusted unemployment rate fell to 4.2% from 4.6%, its lowest level since pre the Global Read more…
In this note we set out some changes to our interest rate forecasts. In addition, we also assess the impact on economic growth of the omicron variant. Omicron is forecast to have its major impact Read more…
Unemployment fell to 4.2%, we did not expected to see it that low till May. The very solid update in November has been followed by a sound gain December highlighting a labour market continues to Read more…
Key Highlights Crude oil price started a fresh increase above the $80.00 resistance. A key bullish trend line is forming with support near $83.50 on the 4-hours chart of XTI/USD. EUR/USD declined to 1.1310, and Read more…
When gold rises, usually it is because of a weaker dollar. Although the Dollar Index did pull back a little today, it was still comfortably above the low of 94.60ish it hit earlier this month. Read more…
Gold broke resistance level 1825.00 Likely to rise to resistance level 1860.00 Gold continues to rise after the earlier breakout of the resistance level 1825.00 (top of the previous impulse wave (i)), intersecting with the Read more…