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NZDUSD records a sizeable green candle today Strong reaction following the recent acute correction Momentum indicators are mixed, bearish pressure weakening NZDUSD is edging aggressively higher today, cancelling out a good part of the recent correction that led to a new 9-month low. The overall positive market sentiment and the stronger labour market data from […]

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19/09/2024

Sunset Market Commentary

Markets The Bank of England left its policy rate unchanged at 5% in a 8-1 majority vote. Swati Dhingra dissented in favour of a 25 bps rate cut, on the back of last month’s inaugural move. The central bank also announced an intention to reduce the stock of UK government bond purchases held for monetary […]
24/04/2024

Slow Grind on Disinflation, RBA on Hold

Inflation was a bit higher than expected in the March quarter. It is declining, but it has a way to go for the RBA to be confident of returning to the 2–3% target range on the desired timetable. We expect the Board to keep rates on hold in May, and have pushed out the date […]
27/01/2024

Weekly Economic & Financial Commentary: Almost Everything Coming Up Roses

Summary United States: Almost Everything Coming Up Roses Data released this week garnered further optimism that the economy can power through the Federal Reserve’s efforts to corral inflation—an endeavor the Fed could increasingly be construed as achieving. Economic activity ended the year on better footing than expected, and inflation continued its deceleration. Next week: Construction […]