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Markets The February European headline PMI came in slightly stronger than expected, rising from 47.9 to 48.9. A deepening contraction in Germany (46.1) and sustained output fall in France (47.7) were countered by faster growth in the rest of the region. There’s a split on a sector level as well. Manufacturing unexpectedly ventured deeper in […]

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23/09/2024

News of the Week (September 23—September 27): AUDUSD Review

AUDUSD poised for a move—traders should stay alert! The AUDUSD pair, often referred to by traders as the “Aussie,” is a major currency pair representing the exchange rate between the Australian and US Dollar. The Australian Dollar is heavily influenced by commodity prices (especially iron ore and gold), interest rate decisions by the Reserve Bank […]
24/02/2024

Will RBNZ Resume Interest Rate Hikes?

RBNZ among the few central banks maintaining a tightening bias ANZ prompts investors to place rate hike bets Inflation slows but remains well above RBNZ’s target range The Bank meets on Wednesday at 01:00 GMT Investors see decent chance for another hike The Reserve Bank of New Zealand (RBNZ) is among the few central banks […]
26/06/2024

AUD/JPY: Aussie Outperformance With Hotter AU CPI

Australia’s monthly CPI has increased to 4% from 3.7% in April, a sign of a sticky and elevated consumer inflationary trend. The odds of an RBA interest rate in the near-term horizon have reduced which increased the yield premium of 2-year Australian government bond over JGB. AUD/JPY is likely on a path of bullish acceleration […]