Below are the main headlines of the RBA monetary policy statement August, via Reuters, presented by Gov. Phillip Lowe. The Council hopes to give further steps in the normalization process of monetary conditions in the coming months. It is not a pre-established path. Global factors explain much of the rise in inflation, but domestic factors […]
Tag: InterestRate
RBA raises OCR by 50 basis points to 1.85%
At their monetary policy meeting on August 2, the board members of the Reserve Bank of Australia (RBA) have decided to increase the official cash rate (OCR) by 50 basis points, from 1.35% to 1.85%. The central bank has said the rise was one more step in the “normalization” of monetary policy, abandoning the previous […]
ECB: 50 basis point hike in September, followed by a pause – JP Morgan
JP Morgan analysts state in their latest note to clients that the European Central Bank (ECB) is likely to carry out another 50 basis point rate hike before pausing. Featured Comments “We have no doubt that the ECB, at its next meeting on September 8, will revise its inflation forecasts considerably higher, while it is […]
The RBA is expected to apply another 50 basis point hike to 1.85% – NAB
Analysts at the National Australia Bank (NAB) offer a preview of what can be expected from the monetary policy decision of the Reserve Bank of Australia (RBA) on Tuesday. Featured Comments “The RBA meets on Tuesday and is expected to offer another 50 basis point hike, taking the cash rate to 1.85% and its highest […]
Silver Forecast: XAG/USD Surpasses $20, Records Its Biggest Weekly Rise Since August 2020
The price of silver records its first weekly gain in the last nine weeks, rising 9%. Falling US Treasury yields undermine the greenback and bolster precious metal prices. Those responsible for the Fed are confident of achieving a soft landing, although they recognize that further rate hikes are necessary. the price of silver rises for […]
USD/JPY slumps to 136.50 after Fed’s 75 basis point hike
The US Federal Reserve has raised interest rates by 75 basis points. The central bank acknowledged that spending and production “smoothed”. USD/JPY – Dropped to 136.80 in reaction to the headline, but remains volatile just below the 20-day EMA. The USD/JPY fell during the American session after the Federal Reserve raised the Federal Funds Rate […]
EUR/USD volatile around 1.0105-50 after Fed rate hike of 75 basis points
The US Federal Reserve has raised interest rates by 75 basis points. The central bank acknowledged that spending and production “smoothed”. EUR/USD – Initially reacted to the upside but is now hovering around 1.0105-50. The EUR/USD rose after the US Federal Reserve decided to raise interest rates by 75 basis points, raising the Federal Funds […]
USD/CAD rises modestly towards 1.2880 ahead of FOMC
USD/CAD extends its weekly rally to two consecutive days of gains, but is below the July 26 high of 1.2901. Positive market sentiment capped USD/CAD’s rally as investors brace for FOMC decision. The pair USD/CAD remains almost sideways during the American session on Wednesday, as investors prepare for the decision of the Federal Reserve Open […]
AUD/USD struggles around 0.6980 in risk aversion environment and ahead of Fed meeting
AUD/USD falls on bearish sentiment and dollar strengthening. US consumer confidence deteriorates further, while housing data reveals that prices are falling. AUD/USD Price Analysis: With a neutral to bearish bias, it could test the 20-day EMA in the short term. The AUD/USD falls for the first time in the week, pulling back from last week’s […]
Fed Preview: Powell to be less optimistic about growth prospects – ANZ
Analysts from the Australian and New Zealand (ANZ) banking group “They expect the Fed to hike 75 basis points at their meeting this week.” Featured Statements “Chairman Powell is likely to be less optimistic about growth prospects compared to the June meeting, but this will not change the Fed’s resolve to bring the policy rate […]