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Markets The diptych of today’s US payrolls and next Tuesday’s US November CPI are the ultimate input for the Fed policy decision next Wednesday. Even as central bankers in their toolbox switched forward guidance for data dependency, the new projections/dots still will be key when investors make up their mind on the Fed’s intentions in […]

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15/12/2023

Australian Dollar Extends Gains on Chinese Data

China industrial production and retail sales accelerate Australian dollar extends gains The Australian dollar has extended its gains on Friday. In the European session, AUD/USD is trading at 0.6713, up 0.23%. It has been an excellent week for the Aussie, which has gained 2.07% on the back of the dovish Fed announcement and strong employment […]
17/05/2024

Running a Fine Line, With Scissors

Both the government and RBA are walking a fine line, but some budget decisions might not be as inflationary as they seem at first glance. Households in Australia are collectively doing it tough. Their cash flows are being squeezed by the high cost of living, high level of interest rates and a rising tax take. […]
03/05/2024

Norges Bank and Nonfarm to Round Off a Busy Week

In focus today Today we get the US April Jobs Report which will round off the interesting week it has been in markets. We expect non-farm payrolls growth to cool to +200k, as immigration-driven uptick in labour supply continues to boost employment in lower-paying services sectors, but April PMIs suggested that elsewhere demand for labour […]