Bank Of Canada’s hikes interest rate 50 basis points
Bank Of Canada’s hikes interest rate 50 basis points BoC hikes by 50 bps to 4.25%, bringing cumulative tightening to 400 bps this year. Slightly hawkish surprise, consensus was split between 25 and 50 bps. Soft tightening bias opens the door to a January pause. The BoC lifted its overnight rate by 50 bps
Read moreThe Australian Q3 GDP Economy | Xtreamforex
The Australian Q3 GDP Economy | Xtreamforex Australian economy expands by 0.6%, a little softer than expected. The impacts of high inflation and higher interest rates are becoming apparent – notably, the real estate sector on lower turnover subtracted 0.2ppts from activity in the period. The Australian economy expanded by 0.6% in the September quarter.
Read moreGold Falls Victim to Strong US Data
Gold Falls Victim to Strong US Data Gold has sold off thanks to a rebound in US dollar and bond yields. The fact that the yellow metal has turned lower from a key level makes today’s reversal eye-catching as the chart suggests that at least a temporary top may be in for now. Gold fell
Read moreConsensus is for the RBA to hike by 25bp tomorrow
Consensus is for the RBA to hike by 25bp tomorrow What has happened since the last RBA meeting:- 10th November: Australia’s Central Bank says nearer to point when it can wait on rates. CPI fell to 6.9% y/y, down from 7.4% and beneath the 7.5% – suggesting inflation has peaked. Governor Lowe reiterated his belief
Read morePowell’s Brooking November 2nd FOMC Press Conference
Powell’s Brooking November 2nd FOMC Press Conference In Fed Chairman Powell’s press conference after the FOMC meeting on 2nd November, he said that incoming data suggests that the ultimate level of rates will be higher than previously anticipated. In addition, he noted that, how high rates rise is more important than the pace of tightening.
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GBP/USD Remains Above 1.2600, Investors Anticipate Fed and BoE Speeches
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Cryptocurrency Move Back to Support the Pack to Level
Cash Back Return