RBA Affirmed No Rate Hike Until 2024, Widening Policy Divergence with Counterparts
The RBA left the cash rate unchanged at 0.1%, and asset purchases at AUD 4B/month, in October. Despite sharp rise in housing prices, policymakers chose to stick with ultra-easy monetary policy in order to achieve the inflation target and full...
Aussie Soft after Uneventful RBA, Dollar Recovering after Brief Selloff
Dollar is regaining some ground in Asian session today, as yesterday’s selloff was relatively well contained so far. Sterling is also recovering, together with Euro, against others. On the other hand, Australian Dollar turns softer after uneventful RBA rate decision....
Bond Rates Moving Towards Realistic Levels
Prospects for the unwinding of QE in the US and Australia in 2022 are finally lifting bond rates. The FOMC looks likely to have unwound its current QE program by mid 2022 along with the RBA. These forces along with...
Elliott Wave View: DAX Rally Should Fail
Short-term Elliott wave view in DAX suggests the decline from August 13, 2021 high is unfolding as a double three Elliott Wave structure. Down rom August 13 high, wave W ended at 15453.96 and rally in wave X ended at...
Stock futures muted after a tech-driven sell-off on Wall Street
Stock futures were muted in overnight trading on Monday following a tech-led sell-off as investors continued to dump high-flying shares in the face of rising rates. Futures on the Dow Jones Industrial Average slipped 30 points. S&P 500 futures were...
Stocks making the biggest moves midday: Facebook, Ford, General Motors and more
Facebook’s logo displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Facebook — Facebook shares fell 5.5% after a company whistleblower unveiled her identify and accused the social...
US Open Note – Stocks Static and Yields Fail to Aid Dollar
OPEC and global energy risks; Central Banks and NFP report are drivers of the week Market uncertainty lingers but the greenback’s haven appeal remains muted, as a global energy crisis threatens recoveries across the globe. Stocks are slightly on the...
Swiss Franc Rises Broadly as Dollar and Yen Pare Gains
Swiss Franc is the winner so far today, as Dollar and Yen pare back some of last week’s gains. Meanwhile, Euro is also soft after poor investor confidence data. On the other hand, New Zealand Dollar is following closely as...
Crude Oil In Wait For OPEC+ Decisions
Early in the first full week of October, the oil market has decent expectations while waiting for the next OPEC+ meeting. Brent is trading at $79.00 and will surely very actively respond to all comments, both from the cartel itself...
GBP/USD Outlook: Recovery Extends Into Third Straight Day And Pressures Pivotal Barriers At 1.36 Zone
Fresh bulls from new nearly ten-month low (1.3411) hold grip for the third straight day and crack pivotal 1.1.3570/1.3600 resistance zone (former lows of July/Aug / daily Tenkan-sen/Fibo 38.2% of 1.3912/1.3411). Renewed risk appetite keeps pound afloat in the neat...
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