• Fed Holds Target Rate Unchanged; Revises Growth and Inflation Forecasts

    Fed Holds Target Rate Unchanged; Revises Growth and Inflation Forecasts

    • March 19, 2025

    As anticipated by economists and investors, the US Federal Reserve (Fed) kept the federal funds target rate at 4.25% – 4.50%. Overall, the rate statement and the Summary of Economic Projections (SEP) aligned with expectations. Rate Statement For ease of reference, I have highlighted new additions to the statement in green and indicated sentence removals

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  • RBA Poised to Reduce Cash Rate by 25 Basis Points

    RBA Poised to Reduce Cash Rate by 25 Basis Points

    • February 16, 2025

    The Reserve Bank of Australia (RBA) will meet this Tuesday and is widely anticipated to deliver its first rate cut in four years amid easing inflationary pressures. I am ‘reasonably’ convinced that the central bank will reduce the Cash Rate this week, a belief based on inflation and growth data that delivered prints south of

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  • RBNZ Set to Continue Easing This Week; NZD/USD Eyeing Resistance

    RBNZ Set to Continue Easing This Week; NZD/USD Eyeing Resistance

    • February 16, 2025

    Following the RBNZ cutting its Official Cash Rate (OCR) by 50 basis points (bps) in November 2024, economists and investors expect another bumper 50 bp rate reduction on Wednesday this week – with an outside chance of a more minor 25 bp reduction. A 50 bp (25 bp) adjustment would bring the OCR to 3.75%

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  • Week Ahead: What Are the Financial Markets Watching This Week

    Week Ahead: What Are the Financial Markets Watching This Week

    • October 13, 2024

    The Week That Was: RBNZ Slashed Rates by 50bps The week kicked off with the Reserve Bank of New Zealand (RBNZ) reducing its Official Cash Rate (OCR) by 50 basis points (bps) to 4.75%, a move that was widely expected and marked the central bank’s second consecutive rate cut this year. The RBNZ signalled that

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  • FP Markets Market Review 24/06/2022

    FP Markets Market Review 24/06/2022

    • June 24, 2022

    ECB MEETINGS OF 2020 SHOULD REALLY BE CALLED ECB ‘STRATEGY REVIEWS’.
    Newly minted Chair Christine Lagarde clearly wanted to give herself ‘room’ having ordered a review to consider all aspects of its mandates, targets specifically inflation, performance, operational tools, communication and policy setting, plus others. It clearly leaves the ECB in a holding pattern, but that holding pattern means its highly unconventional policies setting won’t change until the Strategy Review is complete.

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  • Weekly Technical Market Insight: Week Ending 24th June 2022

    Weekly Technical Market Insight: Week Ending 24th June 2022

    • June 18, 2022

    Charts: Trading View (Italics: Previous Analysis) US Dollar Index (Daily Timeframe): The US dollar—measured by the US Dollar Index—extended recovery gains last week, adding 0.4 per cent and touching a high of 105.79, values not visited since 2002. Consequently, the decision point from 105.61-104.87 came under attack and had its upper boundary probed as a

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  • FP Markets Market Review

    FP Markets Market Review

    • June 17, 2022

    ECB MEETINGS OF 2020 SHOULD REALLY BE CALLED ECB ‘STRATEGY REVIEWS’.
    Newly minted Chair Christine Lagarde clearly wanted to give herself ‘room’ having ordered a review to consider all aspects of its mandates, targets specifically inflation, performance, operational tools, communication and policy setting, plus others. It clearly leaves the ECB in a holding pattern, but that holding pattern means its highly unconventional policies setting won’t change until the Strategy Review is complete.

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  • Weekly Technical Market Insight: 7th – 11th February 2022

    Weekly Technical Market Insight: 7th – 11th February 2022

    • February 5, 2022

    Charts: Trading View (Italics: Previous Analysis Due to Limited Price Change) US Dollar Index (Daily Timeframe): Against a basket of six foreign currencies, the US dollar plunged 1.8 percent last week and engulfed the prior week’s gains. Following a peak just shy of Quasimodo resistance from 97.45, price slipped under trendline support at the tail

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  • Weekly Technical Market Insight: Week Ending 4th February 2022

    Weekly Technical Market Insight: Week Ending 4th February 2022

    • January 29, 2022

    Charts: Trading View (Italics: Previous Analysis Due to Limited Price Change) US Dollar Index (Daily Timeframe): According to the US dollar index—a geometric weighted average of the buck’s value against six international currencies—the US dollar flexed its financial muscle last week and climbed 1.7 percent. Clocking a high of 97.44, its highest peak since July

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  • Weekly Technical Market Insight: 24th – 28th January 2022

    Weekly Technical Market Insight: 24th – 28th January 2022

    • January 22, 2022

    Charts: Trading View (Italics: Previous Analysis Due to Limited Price Change) US Dollar Index (Daily Timeframe): Against a basket of six international currencies, the US dollar index settled the week in positive territory, up 0.5 percent. Following a bullish outside reversal from support at 94.65 (complemented by a 61.8% Fibonacci retracement at 94.68) earlier in

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  • Weekly Technical Market Insight: 9th -13th November 2020

    Weekly Technical Market Insight: 9th -13th November 2020

    • November 8, 2020

    US Dollar Index: With US elections sparking a risk-on rally (major US equity benchmarks finished strongly higher across the board), safe-haven demand for the US dollar, as measured by the US dollar index (DXY), declined considerably last week. Down 1.8 percent, the DXY drowned previous gains and crossed paths with daily support at 92.26. Although

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  • Weekly Technical Market Insight: 2nd – 6th November 2020

    Weekly Technical Market Insight: 2nd – 6th November 2020

    • October 31, 2020

    US Dollar Index: The US dollar (DXY) outperformed last week, seizing dominant trendline resistance (102.99) and adding more than 1.2 percent. Going forward, resistance at 94.65 and 50% retracement level at 94.77 is on the frontline, which, as you can see, is in the company of an RSI trendline resistance (prior support). Fracturing the aforesaid

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