Sage Investment Club

Persistent EU Inflation Boosts Odds of a Moderately Hawkish ECB on Thursday

The Fed meeting in December, the Minutes of the meeting, incoming January US soft and hard data – all of them indicate that the Fed may deliver the penultimate rate hike today and implicitly announce the end of the tightening cycle at the next meeting. However, core inflation in the US is still high and […]

Bullish bets on Asian FX as easing of China COVID curbs boosts outlook

© Reuters. FILE PHOTO: Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Tejaswi Marthi (Reuters) – Bullish bets on the Singapore dollar and the Malaysian ringgit further consolidated to scale five-year highs as a fizzling U.S. dollar rally and China’s pivot from its strict COVID-19 curbs boosted […]

Inflation boosts RBA’s 2023 interest rate outlook

AUDUSD, Daily Australia’s Monthly CPI indicator rose to 7.3% in the year to November, surpassing market forecasts of 7.2% y/y thus fuelling forecasts of further rate hikes in 2023. The most significant contributors to the rise came from housing (+9.6% y/y), food & non-alcoholic beverages (+9.4% y/y), transport (+9.0% y/y), furniture, household appliances & services […]