Recent content by CityIndex

AUD/USD is holding just below 0.6600 after Tuesday's sell-off, and given the divergence in tone between Governor Lowe's recent comments and Fed Chair Powell's testimony, it is interesting to see the lack of follow-through from sellers despite the breakdown. All trading involves risk, and it...

It is possible that the market is looking at the change in wording in the RBA's statement, going from an citing the likely need for "further increases in interest rates" last month, to "further tightening of monetary policy". Any notion that this is a signal of only one more rate hike left is...

US data may be showing a trend of beating expectations, but the latest Australian inflation and GDP data for Q4 printed softer than expected. GDP Growth Rate (QoQ): 0.5% (exp 0.8%) Monthly CPI Indicator (JAN) 7.4% (exp 8%) The initial reaction sees AUD/USD testing a break below the key 0.6700...

Interesting chart on the S&P500, testing a confluence of support with the upward sloping trendline from the October low and the downward slopping trendline from the all-time-highs. All trading involves risk, but if this latest round of hot inflation data fuels a break below these key levels, it...

Although FOMC Minutes supported the recent hawkish commentary from Fed officials, a late rally helped the S&P500 hold above its monthly pivot point and upward-slopping trendline on a closing basis. All trading carries risk, but from a technical standpoint, this could indicate the index's...

It added to the selling pressure on AUD/NZD. Suffice it to say that it wasn't the best 30 minutes for the Aussie Dollar in the context of this pair.

Aussie wage data for Q4 printed weaker-than-expected at 3.3% YoY (exp 3.5%). AUD/USD pushed lower in the initial reaction to the news. Market pricing overnight signalled increased expectations for a 50ps at the Fed's March meeting, and if today's AU data supports the idea of a less hawkish...

The ASX200 looks like it's finding some support around the 200-day MA in early trade. All trading involves risk but it will be interesting to see if the index can bounce, or if a break below opens the door to a retest of the uptrend coming from the October low.

The jobs market is starting to show signs of slowing, and given how the RBA had been banking on strong employment to engineer a "soft landing", it will be interesting to see how this impact's their rate hike plans. Governor Lowe speaks again tomorrow, should be worth watching to see how he...

Seems like the RBA is giving themselves room to go either way, pretty much echoing last year's commentary of not having a set rate hike path and using incoming data to decide.

Speculation on tightening cycles will likely continue seesawing over the near-term as inflation and growth data prints above or below consensus, and comments from CB officials signalling various possibilities. That being said, RBA Gov Lowe is speaking in front of the Senate in just over 10...

That's a great point, although it seems like the market's interpretation is that it supports more rate hikes from the Fed, or at least their "higher-for-longer" narrative

What will also be interesting is when these mass lay-offs begin to be reflected in the employment data. The latest jobs data from the US, which came out on Friday, blew past expectations, and it seems like central banks want to remain hawkish until the employment figures really start to come down.

Interesting that the market's initial reaction has been to take Powell's presser as dovish, when the comments he made actually seemed pretty hawkish

The intraday charts show a nice bounce from near 1900, which seems to have been fuelled by the USD’s reversal after wage inflation data came in soft. It will be interesting to see what sort of move tomorrow’s Fed meeting inspires.