Economic News Category

ECB Hike 50bps but Euro Slips Dovish rate hike by ECB EUR falls across the board Attention turns to Lagarde at ECB presser The ECB had set itself up to disappoint some market participants after talking up 50 basis points. As it turned out, and despite all the troubles in the banking sector, it stuck

AUD/USD Rate Outlook Mired By Failure To Test AUD/USD appears to be reversing course ahead of the 200-Day SMA as it fails to clear the week high, but data prints coming out of Australia may prop up the exchange rate as job growth is expected to rebound in February. AUD/USD largely mirrors the weakness across

Sentiment Improves as China Data Boosts Hopes of 5% Growth China’s banks lent a record 4.9 trillion yen in January as the economy reopened from lockdowns. And there was some anticipation to see whether the new loans were making their way through the economy to aid the governments GDP target of around 5% this year.

Gold Price Rallies As SVB Failure Casts Doubt for Fed Rate Hikes The price of gold carves a series of higher highs and lows following the failed attempt to test the February low of $1805, and the failure of Silicon Valley Bank (SVB) may continue to heighten the appeal of bullion as market participants scale

Preview of NZ Q4 GDP The expectation is 0.2% fall in GDP for the December Quarter, following two quarters of extremely strong growth. This does not necessarily mark the start of a recession. GDP data has been choppy since Covid, and the details don’t tell a consistent story about whether monetary policy is biting. Nevertheless,