Analysis

Is The RBA Finished Hiking?

Is The RBA Finished Hiking?

The RBA today left rates steady at 4.1%. Wouldn’t it be nice if the last hike was the end of the madness? A welcome relief for all of us, as one of the nations most aggressive rate hiking cycles in history hopefully nears an end.
ACY Securities | 701 days ago
Europe Takes A Breath

Europe Takes A Breath

The Eurozone managed to grow in the second quarter by 0.3%. Which is an achievement in itself. The previous two quarters were a contraction of 0.1% and zero growth respectively.
ACY Securities | 701 days ago
Business Barometer slips in July

Business Barometer slips in July

Asia-Pacific markets mixed. China's Caixin PMI below 50, economy falters. Australian rates unchanged but may rise. Business confidence down. Eurozone and UK manufacturing slide. US July PMI improves, green incentives boost demand. Global bond yields mixed. Sterling rises, falls against stronger USD.
Moneta Markets | 701 days ago
China PMI Contracts Stocks Hesitate

China PMI Contracts Stocks Hesitate

China’s Manufacturing PMI contracted for the fourth straight month, coming in at just 49.3 in July. For the world’s largest and most significant manufacturer to be seeing sustained manufacturing contraction.
ACY Securities | 702 days ago
China Continues to Slow Raising Risks for Australia

China Continues to Slow Raising Risks for Australia

China’s economy continues to slow, and it is a big worry! We should be seeing a soft landing by now, but the airport just isn’t in sight yet? China’s Manufacturing PMI contracted for the fourth straight month, coming in at just 49.3 in July.
ACY Securities | 702 days ago
Bitcoin avoids sharp moves

Bitcoin avoids sharp moves

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin avoids sharp moves
FxPro | 702 days ago
China stimulus measures hope buoy equities

China stimulus measures hope buoy equities

Asian equities rose on hopes of rate hike end; China stocks gained on pro-consumption & property measures. China's July manufacturing PMI contracted 4th month. Focus on Bank of England's uncertain policy. UK mortgage approvals fell by a third. Eurozone's Q2 GDP to show modest growth; July CPI decline. USD & yields slightly up; GBP/USD stable at 1.2850.
Moneta Markets | 702 days ago
US GDP and Australian Retail Sales

US GDP and Australian Retail Sales

Traders were long stocks looking for an easy break higher on the last Fed hike of the cycle, but they did not get clear upside. Then, another piece of bullish market news in that Q2 GDP was stronger than expected.
ACY Securities | 705 days ago
ECB hikes rates by 25bp, What Now?

ECB hikes rates by 25bp, What Now?

The ECB has raised its main policy interest rates by 25 basis points last night, bringing the deposit interest rate to 3.75%. What's particularly noteworthy is that the policy statement accompanying this decision has left the possibility of further rate hikes wide open, without adopting a more cautious tone.
ACY Securities | 705 days ago
Potential "Ring The Bell" Moment

Potential "Ring The Bell" Moment

As an economist who has been highlighting the divergence between the fundamentals and stocks for some time, that one day drop yesterday on Wall Street is noteworthy. However, it could simply be a short term speculative position squaring hiccup.
ACY Securities | 705 days ago
Volatility after Bank of Japan tweaks policy

Volatility after Bank of Japan tweaks policy

Asian markets volatile after Bank of Japan's unexpected yield curve control tweak. Euro weakened by ECB's dovish hike. US Q2 GDP data strong. Next focus: Bank of England policy decision, Eurozone & US data releases. Euro and GBP fell; US dollar gained. Japanese yen also fluctuated.
Moneta Markets | 705 days ago