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. […]
AUD/USD declines towards 0.6900 as Fed policymakers sound hawkish on rate guidance
Share: AUD/USD is eyeing more weakness to near 0.6900 amid hawkish Fed policymakers’ guidance. Fed Waller cited the battle to reach the 2% inflation target “might be a long fight”. The Australian Dollar will dance to the tunes of China’s inflation data. The AUD/USD pair has gauged an intermediate cushion around 0.6920 in […]
Fed’s Powell comments on US disinflation and interest rate hikes
US stock markets rallied on Tuesday after the US Federal Reserve (Fed) head Jerome Powell delivered a speech before the Economic Club of Washington. In other news, the US-China trade balance hit a record high in 2022 even as their diplomatic relations deteriorated. In the UK, the FTSE 100 share index is heading back towards […]
Indian Rupee steadies near monthly top, Fed Chair Powell, RBI Interest Rate Decision eyed
Share: USD/INR grinds higher around monthly peak, bulls take a breather after three-day uptrend. Cautious sentiment ahead of Fed Chair Jerome Powell’s speech, RBI interest rate decision probes the Indian Rupee pair traders. Firmer Oil price, hopes of dovish guidance from RBI joins hawkish hopes from Fed to keep buyers hopeful. Reuters poll […]
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 […]
PBOC sets USD/ CNY reference rate for today at 6.7967 (vs. estimate at 6.7962)
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 6.7988</p><p>PBoC injects 393bn yuan of 7-day reverse repos […]
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 […]
Price Rate Of Change Indicator – Formula and ROC Trading Strategies
2023.02.06 2023.02.06 Price Rate Of Change Indicator – Definition, Formula and the ROC Trading Strategies Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ The ROC indicator is one of the momentum indicators often employed in intraday strategies, which allows you to evaluate the rate of price change compared to previous periods. It can be used to assess the trend strength and […]
Another 50 bps rate raise due in March – UOB
Share: Economist at UOB Group Lee Sue Ann assesses the latest ECB event on February 2. Key Takeaways “The European Central Bank (ECB), at its first meeting of the year, lifted interest rates by 50bps. It also gave more details on how it intends to shrink its EUR5tn bond portfolio, reaffirming a monthly […]