The Reserve Bank of Australia decided to leave the cash rate unchanged at 2.25 in March. When we expected two rate cuts in February and March back on December 4 previous year we expected that for such a significant about…
The Reserve Bank of Australia decided to leave the cash rate unchanged at 2.25 in March.
When we expected two rate cuts in February and March back on December 4 previous year we expected that for such a significant about turn in policy the Bank would have been comfortable with consecutive moves. Since the February move we saw no compelling reason to change that view. That view has turned out to be a misjudgment. "It appears that the RBA Governor has adopted a strong easing bias, effectively indicating that another cut can be confidently expected over the next month or two", said WIB IQ in a report on Friday.
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…
