The past rate cuts (the last time the Reserve Bank of Australia cut interest rates was in May) are still having a positive effect on overall demand. That was the key message the RBA's meeting minutes of the meeting on 6t…
The past rate cuts (the last time the Reserve Bank of Australia cut interest rates was in May) are still having a positive effect on overall demand. That was the key message the RBA's meeting minutes of the meeting on 6th October contained. That means for the FX market: further rate cuts have become less likely for the time being, says Commerzbank. That is good news for AUD.
It can benefit easily, but larger moves are unlikely as the central bank continues to paint a more difficult picture of the economy. Even if there is clearly no immediate need to act, further rate cuts are not off the agenda by any means.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
