The Contrarian Case for a EUR/USD Rally if Rates Can Break Above
The Contrarian Case for a EUR/USD Rally if Rates Can Break Above It’s not particularly hard to make a bearish case for the European economy, especially relative to the US. Between a war in it’s backyard, energy shortages, and an imminent economic recession, it would be hard for the outlook for the Eurozone to look […]
Upcoming Market Updates: AUD, GBP, CAD, USD
[vc_row full_width=”stretch_row” el_id=”extra_class”][vc_column][vc_column_text] Upcoming Market Updates: AUD, GBP, CAD, USD AUD: MI Leading Index m/m, it measures Change in the level of a composite index based on 9 economic indicators. GBP: CPI y/y, it measures Change in the price of goods and services purchased by consumers. GBP: Core CPI y/y, it measures Change in the […]
Upcoming Market Updates: NZD, GBP, JPY, USD, CAD, EUR
Upcoming Market Updates: NZD, GBP, JPY, USD, CAD, EUR NZD: Business NZ Manufacturing Index, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: Rightmove HPI m/m, it measures Change in the asking price of homes for sale. JPY: Revised Industrial Production m/m, it measures Change in the […]
Upcoming Market Updates: NZD, JPY, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text][vc_row][vc_column width=”1/1″][vc_column_text] Upcoming Market Updates: NZD, JPY, EUR, GBP, CAD, USD NZD: Business NZ Manufacturing Index, it measures Level of a diffusion index based on surveyed manufacturers. JPY: M2 Money Stock y/y, it measures Change in the total quantity of domestic currency in circulation and deposited in banks. EUR: German WPI m/m, it measures […]
Upcoming Market Updates: NZD, USD, GBP, JPY, AUD, EUR, CHF, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, USD, GBP, JPY, AUD, EUR, CHF, USD NZD: FPI m/m, it measures Change in the price of food and food services purchased by households. USD: FOMC Member Bowman Speaks, Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often […]
AUD/USD falls to new 18-month low
AUD/USD falls to new 18-month low AUD/USD continues to lose ground and can’t find its footing. The Aussie started the week on the wrong foot, with a decline of 1.0% on Monday. AUD/USD is trading at 0.6266 down 0.52%. Earlier the day, the Australian dollar fell to 0.6247, its lowest level since April 2020. Australia […]
Upcoming Market Updates: GBP, AUD, JPY, GBP, EUR, USD, CHF
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, AUD, JPY, GBP, EUR, USD, CHF GBP: BRC Retail Sales Monitor y/y, it measures Change in the value of same-store sales at the retail level. AUD: Westpac Consumer Sentiment, it measures Change in the level of a diffusion index based on surveyed consumers. JPY: Current Account, it measures Difference […]
A Turning Point for Policy
A Turning Point for Policy The RBA surprised markets this week by slowing the pace of rates increase, opting for a 25bp move against expectations of a 50bp increase. Meanwhile, the RBNZ continued to show a heavy hand against domestic inflation pressures, having delivered a fifth consecutive 50bp rate hike. In explaining their decision to […]
Upcoming Market Updates: AUD, NZD, EUR, GBP, USD, CAD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, NZD, EUR, GBP, USD, CAD AUD: AIG Construction Index, it measures Level of a diffusion index based on surveyed construction companies. NZD: ANZ Commodity Prices m/m, it measures Change in the global price of exported commodities. AUD: Trade Balance, it measures Difference in value between imported and exported goods […]
The RBNZ Hiked by 50bp – But a 75bp Hike was Considered
The RBNZ Hiked by 50bp – But a 75bp Hike was Considered The RBNZ increased for an eight consecutive meeting to take interest rates to 3.5%. Highlights from the meeting:- Inflation is currently too high and employment is beyond its maximum sustainable level. A lower New Zealand dollar, if sustained, poses further upside risk to […]
Oil Prices Mixed as Markets Digest OPEC+ Supply Cut
Oil Prices Mixed as Markets Digest OPEC+ Supply Cut OPEC meeting tomorrow to determine what should be done about the amount of crude oil that is supplies to the market. Two weeks ago, the talk looked like to be whether the countries should do anything at all. However, as the price of oil continues to […]
Upcoming Market Updates: NZD, JPY, AUD, GBP, CHF, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, JPY, AUD, GBP, CHF, EUR, USD NZD: Building Consents m/m, it measures Change in the number of new building approvals issued. JPY: Unemployment Rate, it measures Percentage of the total work force that is unemployed and actively seeking employment during the previous month. JPY: Prelim Industrial Production m/m, it […]
Upcoming Market Updates: GBP, JPY, NZD, EUR, CHF, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, JPY, NZD, EUR, CHF, USD GBP: BRC Shop Price Index y/y, it measures Change in the price of goods purchased at BRC-member retail stores. JPY: Monetary Policy Meeting Minutes, It’s a detailed record of the BOJ Policy Board’s meeting, providing in-depth insights into the economic conditions that influenced their […]
Upcoming Market Updates: GBP, JPY, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, JPY, EUR, USD GBP: Rightmove HPI m/m, It’s a leading indicator of the housing industry’s health because rising house prices attract investors and spur industry activity. JPY: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. EUR: German Buba […]
GBP down during Asian Trade
GBP down during Asian Trade The pound was aggressively lower during Asian trade. CME stopped trading of GBP futures. GBP/USD touched a record low. Combination of the UK’s mini budget and flight to the dollar weigh on sterling. The GBP was already facing heavy selling pressure on Friday when the UK’s new chancellor unveiled his […]
BOE: Another 50bp hike and we expect more to come
BOE: Another 50bp hike and we expect more to come The BOE hiked policy rates by 50bp, bringing the bank rate to 2.25. The extent to which fiscal policy is set to boost demand and hence impact policy setting is still highly uncertain. Call for a 50bp hike in November and December and 25bp in […]
Upcoming Market Updates: AUD, GBP, EUR, CAD, CHF, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, GBP, EUR, CAD, CHF, USD AUD: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Flash Services PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: GfK Consumer Confidence, […]
How Much FOMC Interest Rate Hike By Fed?
How Much FOMC Interest Rate Hike By Fed? The Federal Reserve Open Market Committee lifted the federal funds rate to the 3.0% to 3.25% range and reaffirmed a continuation of its balance sheet runoff. The Fed updated its language stating the “recent indicators point to modest growth in spending and production. Job gains have been […]