{EU} RX TECHS The Wall – remains intact and the trendline resis will still play well on the weekly charts as tech resis into the closes. (As the weeklies will eliminate the nip through on the charts) Today was a crucial day to close above the trendline resis however this fall will be ok if it’s a small period of consolidation. So lets remain bullish for a break if above 131.39 and TY above 16 Read More
Bridgewater founder Ray Dalio warns of danger of US debt on Treasury market Ray Dalio, the billionaire founder of hedge fund giant Bridgewater Associates, has warned that the US government’s rising debt levels could hit Treasury bonds, arguing that investors should move some of their money to foreign markets. In an interview with the Financial Times, Dalio described his wide-ranging concerns about the US, including its debt load, the risk of what he calls a […] Read More
Jobs, inflation data key to next interest rate move Michele Bullock is keeping her cards close to her chest ahead of key inflation data which will decide the RBA’s next move. Terry McCrann May 7, 2024 – 5:41PM https://www.heraldsun.com.au/business/mccrann-jobs-inflation-data-key-to-next-interest-rate-move/news-story/d91efad8739a703f65bd052354f9f8fd Interest rates. It’s now on to the Reserve Bank’s meeting in early August. Right now, the next meeting, in mid-June, is shaping up to be a repeat of this one. The […] Read More
Philip Lowe warns rates could rise again Patrick Durkin and John Kehoe May 6, 2024 – 5.00am https://www.afr.com/policy/economy/philip-lowe-warns-rates-could-rise-again-20240505-p5fozd Former Reserve Bank of Australia governor Philip Lowe has joined former governor Glenn Stevens in warning the fight against inflation “isn’t done” and any upside surprises would “mean the case for increasing interest rates would mount”. Governor Michele Bullock is expected to upgrade the bank’s near-term inflation forecasts and use more hawkish […] Read More
WSJ’s Nickileaks prepping the ground for FOMC tomorrow: “Powell is likely to repeat a message he delivered two weeks ago, when he said recent data had ‘clearly not given us greater confidence’ that inflation would continue declining to 2% ‘and instead indicate that it’s likely to take longer than expected to achieve that.'” Read More
You heard right – the RBA could raise rates again The Reserve Bank of Australia will likely be forced to warn that it could raise rates again. Christopher Joye Apr 26, 2024 – 12.05pm https://www.afr.com/wealth/personal-finance/you-heard-right-the-rba-could-raise-rates-again-20240409-p5fijj This week we were presented with yet more powerful data demonstrating that central banks are repeating past mistakes by encouraging an acceleration in consumer price pressures through their dovish prognostications. Australia’s central bank could be […] Read More
{AU} Does anyone price Aussie INTRADAY or OVERNIGHT options anymore? I haven’t seen them go through for a couple of years but if you did have an int let me know If you are keen on a revival – lets go Read More
Ashley Joye (ARCHR LLP ) Subject: FW: The RBA should warn that it could raise rates again No images? Click here The RBA should warn that it could raise rates again High inflation reinforces that the RBA should have raised rates by more last year, in line with its peers. Kieran Davies, Chief Macro Strategist, Coolabah Capital Investments Over at Livewire Kieran writes that high inflation and a still-tight labour market should see […] Read More
– Global equities are more attractive after the recent rout removed market froth and as investors focus on robust corporate earnings, according to Citigroup Inc. strategists. “We would view the recent pullback as a buying opportunity,” the team including Mihir Tirodkar and Beata Manthey wrote in a note. “Bullish positioning has unwound and now looks more neutral, particularly in the US. The current earnings season could re-focus investor attention on solid underlying fundamentals.” The strategists […] Read More
Exclusive: ECB’s Centeno: Total Rate Cuts This Year Could Exceed 100BP – Centeno: Will still be in restrictive territory even after easing by 100bp – Centeno: 2% interest rate target a good benchmark – Centeno: Waiting too long to change policy stance might require more aggressive rate reductions – Centeno: Downward revisions to inflation and economic activity of ‘additional concern’ Read More
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