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The services sector in New Zealand climbed into expansion territory in March, the latest survey from BusinessNZ showed on Tuesday with a Performance of Services Index score of 51.6. more...
The Bank of England (BoE) is expected to raise UK interest rates further in the second quarter of 2022 as the UK central bank tries to stem soaring prices pressures. The BoE has already lifted the Bank Rate to 0.75% from 0.1% in late 2021 and money markets are currently pricing in 125 basis points of additional rate hikes this year. The latest Office for National Statistics (ONS) inflation release showed headline inflation hitting 6.2% in February, a fresh 30-year high, while core inflation rose ...
Gold prices charged higher for a second week as US CPI headlines charged the yellow metal’s inflation hedging appeal. However, the good times may not last. While inflation is at more than 40-year highs, forward expectations are beginning to ease. The daily chart is located above 200 SMA in the bullish market condition by crossing 1,981 bullish triangle pattern to above for the primary bullish trend to be continuing. more...
It is difficult to tell what role the Dollar will play in the global financial system heading into the second quarter of 2022. On the one hand, traditional risk assets have held back the tide of a more prolific collapse while interest rate expectations have exploded higher. Alternatively, there exists a growing din of concern that markets have over-reached in the post-Great Financial Crisis run and a necessary ‘de-risking’ has yet to occur. ...
The Australian Dollar has strong fundamentals, but a hawkish Fed has favoured the US Dollar up to now. The fundamental backdrop for AUD remains solid, although it is not showing up in all of data at the moment. Daily price is on secondary correction within the primary bullish market condition: the price is trying to cross the bearish triangle pattern with 0.7391 support level to below for the secondary correction to be continuing up to ...
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