Dr Copper chimes in on the recession debate
The Federal Reserve (Fed) is the central bank of the United States and operates under a dual mandate to effectively promote the goals of maximum employment while maintaining price stability.
S&P500 building for a bear market end of month rally?
The S&P500 closed 2.33% higher overnight in its first session this week as the Juneteenth long weekend provided a circuit breaker, allowing investors to regroup after U.S equity markets plunged over 10% the past two weeks.
ASX200 Afternoon Report June 21st 2022
The ASX200 is trading 94 points higher at 6527 at 3pm Sydney time and is set to snap a seven-session losing streak that has wiped over $200 billion off the local index.
Key takeaways from todays RBA communique and what it means for the AUDUSD
Following last week's mega moves by central banks, the calendar this week allows central bankers to finetune some of those shifts, starting with a plethora of communique from the RBA this morning.
$200bn in collateral damage in one week. What comes next for the ASX200?
Heading into the release of last Friday's U.S inflation data, the market was hopeful that it would confirm that inflation had or was close to peaking. Thereby allowing central banks to ease their foot off the monetary tightening pedal.
Why the Big Bank share prices have been crunched and what it means for the ASX200
For the second time this week, the ASX200 has fallen over 100 points, closing at 7019.70 (-1.42%)
ASX200 Afternoon Report June 8th 2022
The ASX200 is trading 21 points higher at 7116 at 3.00 pm Sydney time. A mute rebound after its post RBA thumping yesterday.
RBA hike rates by a supersized 50bp and pile pressure on ASX200
At its monthly meeting this afternoon, the Reserve Bank Board surprised the market and raised its official cash rate by a supersized 50 bp from 0.35% to 0.85%.
ASX200 Afternoon Report June 6th 2022
After notching up three straight weeks of gains, the ASX200 is trading 23 points lower at 7216 at 3pm Sydney time
RBA Preview and what next for the AUDUSD?
At its monthly meeting next Tuesday, the 7th, the Reserve Bank Board is widely expected to raise the cash rate from its current setting of 0.35%.
ASX200 Afternoon Report June 2nd 2022
The ASX200 is trading 73 points lower at 7146 at 3.00 pm Sydney time as the volatility episode of 2022 extended into a six month.