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Key insights from the week that was. Following last week’s monetary policy announcements by the US FOMC and other major central banks, this week the spotlight turned to the RBA. The Board’s September meeting was predictably uneventful, with the cash rate unchanged at 4.35% and only incremental tweaks to their communication, which continues to emphasise […]

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20/01/2024

Sunset Market Commentary

Markets Attention turned to central bank speeches again in absence of key eco data in the US and EMU. Chicago Fed Goolsbee had the biggest market impact. He said that markets may have put the cart before the horse on cuts. He’s seen surprising progress on services inflation, but want to see more progress on […]
02/02/2024

GBPJPY Ticks Up in BoE Aftermath

GBPJPY pauses its slide from a fresh 8½-year high Broader long-term uptrend remains in place RSI and MACD soften but remain positive GBPJPY has been in a prolonged uptrend since early 2023, posting a fresh 8½-year high of 188.91 on January 19 before experiencing a setback. However, in the past couple of sessions, the pair managed to halt its […]
11/09/2024

Gold Shifts Attention to Uncharted Territory

Gold looks for a bullish breakout above rectangle Bullish sentiment dominates; stability cannot be ruled out US CPI inflation figures due for release at 12:30 GMT Gold rapidly approached the upper band of its three-week-old tight range at 2,530, increasing the possibility of entering unexplored territory. The ball is still on the bulls’ court according to […]