RBNZ Cash Rate Decision Preview

The NZDUSD has been on a decline since the start of February 2023, with the price reversing strongly from the high of 0.6540 ending the previous week bouncing off the 200-day moving average and previous swing low price level of 0.6190. This week, we have the Reserve Bank of New Zealand (RBNZ) due to release their interest rate decision. Current ...

February 20, 2023
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Phillip Lowe apologises to the Australian Public over missed forecasts

Phillip Lowe, governor of the Reserve Bank of Australia, (RBA) has issued an apology to the Australian public in his most recent statement. Lowe specifically apologised for providing guidance in 2020 and 2021 that the official cash would only rise in 2024. Instead, rate rises began earlier this year and rises have occurred in 7 straight months. Dur...

November 28, 2022
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Bank of England announces biggest single rate hike in 33 years

Another day, another hike. On Wednesday, the US Federal Reserve announced its latest policy decision to raise its interest rates from 3.25% to 4%, to its highest level since January 2008. On Thursday, it was the Bank of England's turn to announce its decision. As expected, the central bank raised its interest rates by 0.75% to 4%. It was the hig...

November 4, 2022
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Bank of England gives Funds three days to get books in order

The Bank of England has seemingly turned its back on protecting UK Retirement funds, after initially bailing out these funds who were facing serious liquidity issues in relation to their exposure to Fixed income assets.   History   As a part of new UK Prime Minister, Liz Truss’s mini budget she outlined big tax breaks for mu...

October 12, 2022
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Reserve Bank of Australia surprises the market by lifting cash rate by 25 bps

The Reserve Bank of Australia, (RBA) has surprised much of the market by raising the country's cash rate by just 25 basis points. With analysts expecting a more aggressive 50 bps hike, the smaller lift will provide relief to much of the country's housing market and equity market. RBA, Chairman, Phillip Lowe outlined how previous rate rises had alre...

October 4, 2022
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Jackson Hole Symposium set to get underway today

  The Kansas City Federal Reserve is set to host the 45th Annual Symposium at Jackson Hole Lodge in Wyoming’s Grand Teton National Park. Some of the countries and world’s most important central bankers, economists, and academics will be meeting to discuss the biggest issues facing the global economy. The key issue on the agenda is of ...

August 26, 2022
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Reserve Bank of Australia hikes Cash Rate by 0.50%

    The Reserve Bank of Australia, (RBA) has increased the Country’s cash rate by half a percent to combat the rising inflation in its latest cash rate change. The increase was in line with most analyst’s expectations as the RBA continues to fight inflation and bring it back into the 2-3% range. The current forecast from the RBA...

August 2, 2022
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RBA preview – likely 50bp hike incoming

Todays RBA policy meeting is expected by most analysts to result in a 50bp hike as the bank tries to play catch up and get on top of elevated inflation figures.   The slightly lower Q2 CPI  figures released last week has seen futures markets price out what was earlier feared could be a 75bp supersized move, a 50bp hike would see the ban...

August 2, 2022
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US dollar drops as the economy shrinks by 0.9% for the last quarter.

US economic data revealed last night shows that the country’s GDP has shrunk by 0.9%, although some are remaining positive that a recession may still be avoided. Despite the worrying figures, Federal Reserve Chair, Jerome Powell, outlined his belief that due to low unemployment figures of 3.6% and a strong market for jobs with 11 million job open...

July 29, 2022
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Australian CPI figures increase to 6.1%

The Australian Consumer data was released today with Consumer Price Index rising to 6.1% over the past 12 months. For the quarter, the CPI rose by 1.8% which was 0.1% lower then what analysts expected the figure to be. This was also lower then the 2.1% jump seen in the previous March quarter. The most significant contributors to the increase were n...

July 27, 2022
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Reserve Bank of Australia releases its minutes from the July meeting

The Australian dollar has begun the week relatively strongly after gaining some momentum from RBA's most recent meeting. The board pushed across quite a hawkish sentiment sparking the rise in the AUD. They found that the current slowing growth across the market and global sphere created that was “becoming skewed to the downside.” The board e...

July 19, 2022
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AUD/USD’s reaction to the yesterday’s RBA interest decision

The AUDUSD pair has reached an intraday peak of 0.72469 following the RBA decision. The buying action was spurred on by Aussie bullish investors after the RBA decided to increase the interest rate by 50 basis points to 0.85%. This increase was higher than the consensus of 25 basis points. The RBA is on track to raise the interest rate a few ...

June 8, 2022
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Powell indicates higher interest rates to come as Oil jumps again

US indices were down today as Jerome Powell indicated that the Federal Reserve is going to increase interest rates at a higher and faster rate than currently in place. US equities dropped after Powell’s speech. Ultimately the major indices ended relatively flat by the close of trading. The Nasdaq closed down 0.40% after taking a breather from its...

March 22, 2022
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Markets continue to consolidate after the Federal Reserve increased interest rates

US markets continued their gains overnight as the market continued to rally on the back of the prior day’s Federal Reserve news. The Nasdaq finished up 1.33%. The Dow Jones Index closed 1.23% higher and the S&P 500 ended the session 1.23% higher as well. In Europe, the FTSE performed well finishing up and 1.28%, and the DAX closed at 0.36% lo...

March 18, 2022
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US indices have a bumper session on the back of positive direction given from the Federal Reserve

US indices had a bumper day of trading as the Federal Reserve increased interest rates by 25 basis points. The Reserve is also expected to raise rates to between 1.75% and 2.00% by the end of the year, with 7 increases expected till the end of 2022. The Federal Reserve made it clear that they are doing their utmost to fight inflation. Jerome Powell...

March 17, 2022
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