07.10.2022
Chicago 12, Melborne City, USA
Politics

Recapping A Swiss Surprise:

Summary Central banks were in limelight this week, including the Swiss National Bank (SNB). At its June monetary policy meeting, SNB policymakers opted to raise its policy rate, which was a surprise in terms of timing, and also magnitude as the central bank delivered and 50 bps policy rate increase to -0.25%. With inflation… Recapping […]

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Politics

Swiss Franc to End the Week as Strongest, Dollar Staying Second:

Swiss Franc remains the strongest one for the week and stays firm into US session. Dollar is also regaining some ground, as the second best. On the other than, commodity currencies are the worst performing one, as led by Canadian. In other markets, European indexes are mildly in black while US futures are nearly flat. […]

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Politics

Trader Thoughts – How Close are We to Japanese JPY Intervention?

USDJPY and the JPY crosses capture the minds of traders – while there’s so much going on in central bank land, the BoJ in its meeting today decided to sit on their hands and do absolutely nothing. Whilst in some ways this is refreshing, there’s been several hedge funds that have been betting that the… […]

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Politics

Amid record inflation, 36% of employees earning $ 100,000 or more say they are living paycheck to paycheck:

South_agency |: E + |: Getty Images More than a third of high-earning American workers feel strapped for cash – a share that has risen dramatically in recent years. Thirty-six percent of US employees with salaries of $ 100,000 or more are living paycheck to paycheck – twice as many who said they were in […]

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Politics

Stock futures rise after Fed raises rates by most since 1994:

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Politics

Fed Policy Meeting: Switching to Sharper Rate Hikes?

The Federal Reserve is undoubtedly expected to approve another jumbo-sized rate hike at the conclusion of its policy meeting on Wednesday at 18:00 GMT. Following the latest surprise pickup in inflation, investors have immediately become certain that the central bank may proceed with a triple rate increase in the following two meetings, though whether the… […]

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Politics

Kiwi Caught in Fed and Inflation Crossfire, New Zealand GDP Might Not Help:

New Zealand’s economy has had a bumpy but strong recovery from the pandemic lockdowns and data due on Thursday (Wednesday, 22:45 GMT) is expected to show GDP kept expanding in the first quarter. The healthy economic backdrop has allowed the Reserve Bank of New Zealand to ramp up rate increases as inflation has skyrocketed. But… […]

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Politics

AUDJPY Wave Analysis:

AUDJPY reversed from resistance level 95.66 Likely to fall to support level 92.00 AUDJPY currency pair recently reversed down from the strong resistance level 95.66 (which stopped the multi-month uptrend in April), coinciding with the upper daily Bollinger Band. The downward reversal from the resistance level 95.66 created the daily Japanese candlesticks reversal pattern Bearish… […]

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Politics

EUR / USD Pair Moved into a Bearish Zone Below $ 1.0700:

The Euro started a fresh decline from the 1.0775 resistance zone against the US Dollar. The EUR / USD pair traded below the 1.0700 support zone to move into a bearish zone. The price even traded below the 1.0680 level and the 50 hourly simple moving average. It traded as low as 1.0611 and is […]

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Politics

Stocks making the biggest moves premarket: DocuSign, Vail Resorts, Stitch Fix and others:

Check out the companies making headlines before the bell: DocuSign (DOCU) – The electronic-signature technology company stock plunged 26.1% in the premarket after its quarterly profit and revenue fell short of Wall Street forecasts. DocuSign had previously warned that a return to post-Covid working conditions could cut into its business. Vail Resorts (MTN) – Vail… […]

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