Fed Minutes Showed Recent Banking Turmoil May Result in Lower
Fed Minutes Showed Recent Banking Turmoil May Result in Lower The minutes of the March 21-22, 2023, Federal Open Market Committee (FOMC) meeting reaffirmed that price and financial stability are of paramount importance to the Fed. Regarding the economy, Committee members noted that “recent indicators point to modest growth in spending and output. At the […]
Bank of Canada to hold rates steady
Bank of Canada to hold rates steady Bank of Canada (BoC) is widely anticipated to maintain its pause this week, leaving interest rates unchanged at a 15-year high of 4.50%. Governor Macklem has emphasized that there’s no need for additional rate hikes if the economy unfolds according to central bank’s projections, which forecast stalling growth […]
How risk management will save your trading account
Is your trading account hurting? Are you feeling overwhelmed, frustrated and ready to throw in the towel when it comes to trading”? Well, today’s lesson, if properly understood and implemented, can potentially give you the knowledge you need to literally save and rebuild your trading account. You’ve probably heard that about 90 to 95% of […]
First Impressions: RBNZ Monetary Policy Review
First Impressions: RBNZ Monetary Policy Review The RBNZ raised the policy rate by an unexpectedly large 50 basis points, and another 25 basis point hike appears to be scheduled for the May Monetary Policy Statement. RBNZ Monetary Policy Report, April 2023 The Reserve Bank surprisingly raised the OCR by 50 basis points to 5.25% at […]
Australian Dollar Dips After RBA Leave Rates Unchanged
Australian Dollar Dips After RBA Leave Rates Unchanged The Australian Dollar slipped slightly in the aftermath of the RBA standing still on rates for the first time since May 2022. The RBA maintained some flexibility and didn’t rule out future hikes. In the accompanying statement on monetary policy, they said, “The Board expects that some […]
US Takes Center Stage in this Holiday-Shorted Week
US Takes Center Stage in this Holiday-Shorted Week The steep decline in strength costs over the previous few months prompted March headline inflation in Europe to decline considerably year-over-year (from 8.5% to 6.9%). Rising core inflation and excessive m/m readings on the other hand confirmed that this is solely the effortless phase in the lengthy […]
5 Ways to Improve Your Technical Analysis Skills
5 Ways to Improve Your Technical Analysis Skills Technical analysis can sometimes be seen as a simpler approach to forex trading than fundamental analysis. But, to be honest, it does come with a bit of a learning curve. Many forex traders who are just starting out find it difficult to understand technical analysis. And it […]
Gold Price Vulnerable to Persistent US Inflation
Gold Price Vulnerable to Persistent US Inflation The cost of gold might organize further endeavors to test the 2022 high ($2071) as it moves to a new week-after-week high ($1984), however new information print emerging from the US might prompt a pullback in bullion as the Individual Utilization Use (PCE) cost file is supposed to […]
German and Spanish Inflation Prints in Focus
German and Spanish Inflation Prints in Focus The main focus today will be on the German and Spanish flash inflation data, which will provide the first sense of what to expect from the euro area HICP figures tomorrow. Generally, we forecast gradually easing headline inflation, but see core inflation pressures still remaining at elevated levels. […]
Australia February Monthly CPI Indicator
Australia February Monthly CPI Indicator The Monthly CPI indicator rose 6.8% in the year to February, compared with the Westpac forecast of 7.4% year-on-year and the market forecast of 7.2% year-on-year. This represents a significant downside risk to our March forecast CPI forecast of 1.5% per quarter. Specifically, the index rose only 0.2% in February […]
GBP/USD Eyes Sustained Increase Above
GBP/USD Eyes Sustained Increase Above GBP/USD is showing positive signs above the 1.2220 level. A connecting bullish trend line is forming with support at 1.2240 on the 4-hours chart. EUR/USD is well supported above the 1.0720 support zone. USD/JPY might attempt a recovery wave if it clears the 132.00 resistance. GBP/USD The British Pound gained […]
EUR/USD Approaches Key Support, Dollar Could Resume Losses
EUR/USD Approaches Key Support, Dollar Could Resume Losses EUR/USD started a downside correction from the 1.0930 level. It traded below a key bullish trend line with support at 1.0810 on the 4-hours chart. GBP/USD is consolidating gains above the 1.2200 support zone. USD/JPY extended losses below the 130.50 support zone. EUR/USD The Euro started a […]
RBA Board opens the door to a pause in April
RBA Board opens the door to a pause in April The Minutes emphasize a high degree of uncertainty; do not take into account the global banking disruptions; and point to a pause in April. The Minutes of the Reserve Bank Board meeting on March 7 highlight that unlike recent meetings when several policy options were […]
ECB Hike 50bps but Euro Slips
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 […]
Sentiment Improves as China Data Boosts Hopes of 5% Growth
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
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
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, […]
USD/JPY Outlook Mired by Failure to Test December High
USD/JPY Outlook Mired by Failure to Test December High USD/JPY appears to be reversing ahead of the December 2022 high 138.18 as it fails to hold above 200-day SMA, but the Bank Of Japan interest rate decision may curb the recent decline in the exchange rate as the central bank is expected to retain its […]