Economic News Category

December 8, 2022
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

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December 7, 2022
The 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.

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December 6, 2022
Gold 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

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December 5, 2022
Consensus 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

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December 1, 2022
Powell’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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