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The current level of the cash rate is assessed as being just right for the time being, but things could change. The Board also picks a happy medium as the future model for implementing policy. The minutes of the late-March meeting of the RBA Board (the last in the Martin Place building) recorded that the […]

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04/04/2024

Bitcoin Price At Risk of More Downsides Below $65K

Key Highlights Bitcoin price started a fresh decline below $69,000 and $68,000. BTC traded below a key bullish trend line with support at $68,350 on the 4-hour chart. Crude oil price rallied further above $85.00. Gold price also climbed higher toward the $2,300 level. Bitcoin Price Technical Analysis Bitcoin price failed to stay above $70,000 […]
23/01/2024

Brent Crude Oil Prices Inch Upwards Amid Demand Speculations

Brent crude oil prices are witnessing a moderate rise as the week begins, with the cost per barrel currently near $78.40. This upward trend is primarily influenced by the evolving outlook on energy demand. Recent macroeconomic data have cast some doubts on future demand, somewhat offsetting factors previously buoying prices, such as tensions in the […]
12/04/2024

ECB Review: The Direction is Clear

Today, the ECB decided to leave policy rates unchanged as unanimously expected. A rate cut looks set to come in June, subject to further confidence on the three criteria that have guided ECB policy making through the past year. The next to no new policy signals left markets largely unchanged. Limited new signals The ECB […]