Australian Dollar Jumps Post RBA Hike of 0.25% as Expected. Where to for AUD/USD?
Australian Dollar, AUD/USD, RBA, CPI, Trade, China, ASX 200, Fed, US Dollar – Talking Points The RBA hiked for the ninth time to 3.35%, a lift of 25 basis points AUD/USD firmed in the immediate aftermath but eased since The RBA sees more hikes ahead. Will that underpin AUD/USD? Recommended by Daniel McCarthy Get Your […]
RBA rate hike expected today – preview
National Australia Bank on the Reserve Bank of Australia meeting today, Tuesday, 7 February 2023: The RBA is expected to deliver another 25bp increase to take the Cash Rate to 3.35%, an outcome expected by almost everyone surveyed by the main media outlets (a couple are picking no change, no-one a 50-point increase). Money markets […]
Eurozone February Sentix investor sentiment -8.0 vs -12.8 expected
Euro area investor morale rises for a fourth straight month to its highest since March last year. Sentix notes that this signals that a recession is “off the table” for the time being. The expectations index also improved further to -6.0 from -15.8 in January, to its highest level since February last year. Source link
Australian data – Q4 2022 Retail sales -0.2% q/q (expected -0.6%)
Retail sales from Australia, Q4 2022 comes in at -0.2% q/q expected -0.6%, prior +0.2% the y/y is +1.8% Australian Bureau of Statistics comments on the data: Retail sales volumes fell for the first time since the September quarter 2021, with volumes falling across all non-food industries as consumers tightened discretionary spending in response to […]
US stocks fall after the much stronger than expected US jobs report. Nasdaq index weakest.
The major US indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and […]
ISM Services PMI rebounds to 55.2 in January vs. 50.4 expected
ISM Services PMI in January rose back into the expansion territory. US Dollar Index clings to impressive daily gains above 102.50. The economic activity in the US service sector expanded at a robust pace in January with the ISM Services PMI rising to 55.2 from 49.2 in December. This reading came in better than the […]
US NFP expected to show slowing growth
Net job creation in the US has been coming down since the middle of last year. Through that time, analysts have consistently underestimated the number of people getting hired each month. Now, the consensus for January is for 185K, lower than the 223K reported in December. Typically, January has weaker jobs performance due to the […]
FOMC Hikes Rates 25 bps As Expected, Leaves Open Further Hike Expectations
FOMC, Dollar, S&P 500, ECB and BOE Rate Decision Talking Points: The Federal Reserve hiked its benchmark rate 25bps to a range of 4.50 – 4.75 percent The US benchmark is higher than its principal global counterparts, but that advantage has been previously priced in In the policy statement that accompanied the decision, the group […]
ECB to Raise Rates, but Maybe Not As Much as Expected
Over the last several weeks, many ECB members have been making the case that rates need to go up. Not just that there needs to be at least a “double” hike at the coming meeting, but further hikes after that. Only Centeno intimated that the interest rate was getting near a level when hiking would […]
Fed Expected to Hike, But Then What?
The overwhelming consensus is that the Fed will hike by another 25bps at the conclusion of its meeting tomorrow. With such strong agreement among traders and economists, it’s unlikely the rate decision itself will move the markets. That is, unless the Fed shocks everyone, including its own members, by not raising by a quarter percentage […]