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The NZDUSD pair has lost its recent gains and is trading near 0.5680 on Monday as market sentiment turns cautious. This pressure comes from reports that former US President Trump’s advisers are pushing for 25% tariffs on Mexico and Canada starting February 1, with no plans for negotiations. Meanwhile, tensions with Colombia eased after the […]

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15/11/2024

The Real Wage Overhang Hangover

Wages growth has peaked and started declining. At current rates, even quite low productivity growth would be compatible with inflation being sustained at target. So why is the RBA so worried? The Wage Price Index increased 0.8% in the September quarter and 3.5% over the year. This was in line with our expectations but – […]
01/04/2024

Wedge Issue: What’s Driving the Gap Between CPI and PCE Inflation?

Summary Progress in reining in inflation is further along by some measures relative to others. The gap between the two most prominent measures of U.S. inflation—the Consumer Price Index (CPI) and PCE deflator—is unusually wide at present. At 3.8%, the year-over-year rate of core CPI sits a full percentage point higher than core PCE inflation […]
09/04/2024

Bitcoin Proves That It is Bull Market Now

Market Picture The cryptocurrency market added 2.2% in 24 hours to $2.66 trillion, with heavy buying in “older” altcoins. The Cryptocurrency Fear and Greed Index climbed to 80 – extreme greed – the highest since 27 March. Bitcoin added over 5% during the day on Monday, rising to $72.8K at its peak, about 1k below […]