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Markets Yesterday’s ‘hawkish’ Fed dots raising governors’ 2024/25 inflation projections, a higher reference for the neutral rate (2.75% ) and indicating only one rate cut this year as the FOMC’s preferred interest rate scenario only limited the big decline in US yields post a softer than expected US may CPI release. US 2-y and 10-y […]

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09/04/2024

First Impressions: NZIER Survey of Business Opinion, Q1 2024

Business confidence slumped in March, after a post-election bounce in December. Key results (seasonally adjusted) General business confidence: -23.7 (Previous: -9.9) Trading activity, past three months: -23.2 (Previous: +6.7) Trading activity, next three months: -11.5 (Previous: +6.6) % reporting a rise in operating costs over the past 3 months: 53.1 (Previous: 54.7) % who increased […]
05/06/2024

GBPAUD Reacting Higher From Elliott Wave Extreme Area

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of GBPAUD. In which, the rally from the 09 May 2024 low unfolded in a corrective sequence but provided an extreme trading opportunity. In this case, the pullback managed to reach the equal legs area & provided a […]
21/03/2024

Japanese Yen (USD/JPY) Hits Four-Month Low

The USD/JPY pair surged to a four-month high as investors recalibrated their expectations for the Bank of Japan’s future actions. The consensus is now that the BoJ’s monetary policy will remain accommodative, even with the shift away from negative interest rates. On Tuesday, the Bank of Japan announced its first interest rate hike in 17 […]