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- Submitted Feb 3, 2023|From orbex.com
It had seemed that the RBA was almost done with the rate hikes, as several indicators for the economy were looking shaky. Rising unemployment was cited often. Another factor is that a large number of home loans are due for renewal in a few months, ...
- Submitted Feb 2, 2023|From orbex.com
Net job creation in the US has been coming down since the middle of last year. Through that time, analysts have consistently underestimated the number of people getting hired each month. Now, the consensus for January is for 185K, lower than the ...
- Submitted Feb 1, 2023|From orbex.com|2 comments
Over the last several weeks, many ECB members have been making the case that rates need to go up. Not just that there needs to be at least a “double” hike at the coming meeting, but further hikes after that. Only Centeno intimated that the interest ...
- Submitted Jan 27, 2023|From orbex.com
With lingering questions on how much of an impact China’s reopening will have on the global economy, there’s likely to be increased focus on leading economic indicators from the country. Foremost among them are PMIs, since they are the freshest ...
- Submitted Jan 24, 2023|From orbex.com
After its last meeting, the BOC Governor Macklem said that the likely course would be a pause, unless there was a major change in the data. Of course he said it with a lot more words and technical jargon, but that was the essence of the message. ...
- Submitted Jan 21, 2023|From orbex.com
The price of crude has been on something of a roller-coaster since the start of the year. From a sudden drop in the first days of January, it climbed through the third week, only to have a hard drop a couple of days ago. Naturally there have been ...
- Submitted Jan 10, 2023|From orbex.com
The two largest economies in the world are expected to report inflation figures later this week. But, by far, the US figure is expected to be the most important. The yuan trades within a bound set by the PBOC, which limits the impact that data can ...
- Submitted Jan 3, 2023|From orbex.com
The Fed has raised rates 7 times in a row, and the consensus among analysts is that it will do so again at the end of the month. At the moment, the majority of economics expect a 25bps hike, which would continue the “leveling off” trend from the ...
- Submitted Dec 30, 2022|From orbex.com
As a hedge against uncertainty, gold is expected to have quite an active year in 2023. There are many risk events already on the calendar for the next 12 months, and then we have to consider the unforeseeable events that could shake up markets. ...
- Submitted Dec 29, 2022|From orbex.com
The yen had a pretty active year, and it looks like next year is shaping up to have plenty of volatility as well. In 2022, most of the year was dominated by a weakening yen as central banks around the world raised rates, while the BOJ kept its ...
- Submitted Dec 28, 2022|From orbex.com
The BOE is in a very difficult situation, which makes the outlook for monetary policy in the UK harder to predict. It is facing both the problems of the EU and of the US combined. Recently, this has led to a split in the vote in the MPC, as the ...
- Submitted Dec 27, 2022|From orbex.com
XAGUSD suggests the development of the corrective wave b, which is part of the global zigzag. Correction b most likely takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four primary waves are completed, and the last wave is still under ...
- Submitted Dec 22, 2022|From orbex.com
Tomorrow has the last bit of potentially major market moving data as trading winds down for the holidays. Which means the figures could have implications for how the new year starts, as attention will come back to the economic outlook for the US in ...
- Submitted Dec 20, 2022|From orbex.com|3 comments
So, the yen advanced over 300 pips, and the Tokyo stock exchange kinda crashed. The move was so big that Japanese bond futures tripped a circuit breaker and had to be suspended for a while. There are a plethora of articles talking about how this ...
- Submitted Dec 19, 2022|From orbex.com
Japan’s inflation rate is finally starting to tick up. It’s expected that the country will report a further increase in inflation in November to 3.9% from 3.7% prior. But, before that information is made available, the BOJ is expected to meet to ...
- Submitted Dec 16, 2022|From orbex.com
Stocks are down substantially this year, even including indices which had a bit of a rally through the last month or so. There has been a split in trend, which is worthy of note. The DJIA moved higher, while the Nasdaq remained relatively steady. In ...
- Submitted Dec 14, 2022|From orbex.com
The consensus among economists is that the ECB will hike by another 50bps. But there is this unusual situation where the ECB has its rate decision right after the Fed (and members will be meeting at the same time as the BOE). As the US is the ...
- Submitted Dec 12, 2022|From orbex.com
The BOE meets on Thursday, where its broadly expected to hike rates by another 50bps, and signal that further hikes might be necessary. Here’s why, and how the market might react: The BOE and the UK Treasury both have already acknowledged the ...
- Submitted Dec 9, 2022|From orbex.com
PM Sunak is facing increasing challenges as the country wraps up the year. Strikes have been going on for months in different sectors, but they are getting particularly intense of late, as workers struggle with higher cost of living. But, this opens ...
- Submitted Dec 8, 2022|From orbex.com
Since early November, crude prices have been falling markedly. Brent is down around 20% in that period, and a couple of days ago even fell below the level at the start of the year. Not only have the gains from the war in Ukraine been erased, but ...