RBA Minutes Reveal Motive Behind the November Hike
The RBA weighed up the pros and cons of hiking rates in November and decided it was crucial to anchor inflation expectations. Higher demand also seen contributing to CPI
The RBA weighed up the pros and cons of hiking rates in November and decided it was crucial to anchor inflation expectations. Higher demand also seen contributing to CPI
The Dow is at its highest level since the summer, while the Nikkei 225 is contemplating more gains to take it to a multi-decade peak, and the CAC40 has regained the 200-day moving average.
Pound prices stay elevated after UK public sector borrowing beat expectations but highlighted the persistent debt crisis. FOMC minutes next up for GBP/USD.
Bitcoin faces a key test as ETF decision is delayed once more. Can the bullish momentum continue or is a deeper retracement toward the $35k mark growing more likely?
Oil prices are up around 7% from last weeks lows as speculation mounts over further cuts by OPEC+ who meet later this month. Immediate resistance poses a hurdle but overall sentiment may prove to strong.
Gold rallied last week to close in the black but takes a breather at the start of a slower week. FOMC minutes and reports of a new phase of the war offer potential catalysts
EUR prices may be reaching their limit as the eurozone continues to show signs of weak economic growth. EUR/USD currently holding above 1.09.
The US dollar is testing lows last seen at the start of September and that is giving cable another boost.
Outlook on FTSE 100, DAX 40 and Nasdaq 100 as earnings season draws to a close.
AUD prices are up almost 0.70% against the USD after China kept LPR on hold alongside a weaker greenback.