Change of Heart from Fed Governor Waller Significant

The dollar index remains in a sideways mode for the third consecutive day and moving within a narrow range, just above new multi-month low. Near-term price action slowed ahead of key event – Fed interest rate decision – which is expected to define fresh direction. Technical picture on daily chart is firmly bearish as negative […]

Markets With US investors returning from the Martin Luther King Holiday, question was whether US markets would join yesterday’s rebound in German yields. Or would they maintain their soft bias as was the case after last week’s CPI and even more US PPI data? Early in Asian and European dealings, US yields indeed copied the […]

Key insights from the week that was. It was a relatively quiet week in Australia, with the June Labour Force Survey the only market sensitive date release. The main surprise in the report was labour supply’s strength, evinced by the participation rate printing its second-highest read for the cycle at 66.9%. The level of employment […]