The Board sees increased inflation risks while recognising prospect of weakening economy. And rising unemployment rate. The Minutes from the Reserve Bank Board’s meeting in June provide a more balanced approach to the outlook for rates than we saw in the Governor’s statement following the decision to raise the cash rate by 25 basis points. […]
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The stock market wasn’t supposed to open 2025 with a thud. That, at least, was the conventional wisdom. The big rally that erupted after the election of Donald Trump in November was supposed to continue Read more…
EUR/USD’s decline continued to stall above 1.0199 fibonacci level last week. Initial bias stays neutral this week first. But outlook will remain bearish as long as 1.0435 resistance holds. Decisive break of 1.0199 will resume Read more…