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Key insights from the week that was. Australian Q1 GDP printed broadly as expected, rising 0.1% (1.1%yr). There were some surprises for consumption however, a firmer-than-anticipated gain of 0.4% in Q1 – thanks in part to major events like Taylor Swift Era’s Tour and the Formula 1 – and an upward revision to tourism-related spending […]

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19/11/2024

Bitcoin Aiming for $110K

Market Picture The cryptocurrency market is down 0.5% in 24 hours to $3.08 trillion. The market has paused after rallying since the end of last week. Ethereum and Litecoin have pulled back from recent highs, while XRP is stabilising. Bitcoin and Solana are hovering near recent highs and are getting ready to update them. As […]
11/12/2023

Will ECB Set the Stage for an Early 2024 Rate Cut?

The final ECB rate-setting meeting for 2023 could hold surprises Market looks for rate-cut hints; extra focus on projections and overall rhetoric Decision will be announced on Thursday 12.15 GMT, press conference at 12:45 GMT Is President Lagarde ready for a dovish tilt? This week is shaping up to be a cracking one as the […]
28/12/2023

Pound Sterling Rallies on Improved Risk Appetite

Pound Sterling advances above 1.2800 against the US Dollar on upbeat market sentiment. High inflation and recession fears in the UK may complicate the idea of BoE remaining a laggard in cutting rates. The economic calendar is light due to the festive season. The Pound Sterling (GBP) prints a fresh four-month high as investors hope […]