S&P 500 Tumbles with the Fed Fuelling the Rate Hike Heat. Will Wall Street Recover?
S&P 500, Nasdaq 100, Russell 2000, Dow Jones 30, Fed – Talking Points The S&P 500 has eased as the market appears to be listening to the Fed A chorus of Fed speakers all sung from the same song sheet overnight The tightening cycle appears to have been elongated. Will the S&P 500 go lower? […]
Australia’s 4 largest banks have all passed through the RBA rate hike
ANZ, CBA, NAB and Westpac are Australia’s 4 largest banks, by a long way. All have passed through, in full, the RBA 25bp rate hike to variable-rate mortgage loans. At the margin the higher mortgage rates will act to reduce demand in the economy. Which is sort of the point of an RBA rate hike. […]
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 […]
Australian dollar jumped higher after the Reserve Bank of Australia +25bp rate hike
<p>The post on the Reserve Bank of Australia policy decision is here:</p><p class="article-slot__title title top"><a href="https://www.forexlive.com/centralbank/australia-rba-raises-the-cash-rate-by-25bp-to-335-as-expected-20230207/" rel="follow" target="_self" class="article-link">Australia – RBA raises the cash rate by +25bp to 3.35%, as expected</a></p><p>The statement from Reserve Bank of Australia Governor Lowe sounded a hawkish note, stating cleary the Board expects further rate hike increases (i.e. more than […]
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 […]
Asia FX slips, dollar firms as hot payrolls spur rate hike fears By Investing.com
© Reuters. By Ambar Warrick Investing.com — Asian currencies sank on Monday, while the dollar rose as stronger-than-expected U.S. payrolls data brewed concerns that the Federal Reserve will be able to keep raising interest rates for longer, while worsening Sino-U.S. ties also weighed. The dollar rose to a near one-month high against a basket of […]
RBA to Hike After Worrying Signs for Economy
It had seemed that the RBA was almost done with the rate hikes, as several indicators for the economy were looking shaky. Rising unemployment was cited often. Another factor is that a large number of home loans are due for renewal in a few months, which could put increased pressure on Australian homeowners. If higher […]
BOE’s Pill: Rate hike yesterday was necessary and appropriate
Does not want to steer market rate expectations on day to day basis We have to recognise that we have done a lot with monetary policy already MPC has changed language quite substantially It is important we do not do too much on monetary policy We have reasonably high degree of confidence that inflation will […]
ECB Hike Rates by 50bps, EURUSD Looks Vulnerable
ECB Rate Decision Key Points: Recommended by Zain Vawda Get Your Free EUR Forecast The European Central Bank has raised interest rates by 50bps in line with expectations. The central bankexpects to raise rates further keeping them at levels that are sufficiently restrictive to ensure a timely return of inflation to its 2% medium-term target. […]
Dollar and VIX Slump After Fed Hike, Watch EURUSD and Doubt Trends
FOMC Rate Decision, Nasdaq 100, VIX, US Dollar and EURUSD Talking Points: The Market Perspective: USDJPY Bullish Above 132.00 The FOMC rate decision ended as expected with a 25bp hike to a range of 4.50-4.75 percent, but the reiterated warnings of further hikes ahead didn’t sway the markets A Dollar tumble seems caught up in […]