Death Crosses in ETH and BTC

Bitcoin has been pegged at $26K for more than two weeks. An attempt to move back above the 200-day average has technically encountered stronger selling, confirming that the bears are not relinquishing market control. This disposition suggests higher risks that the consolidation will end with downside momentum, potentially at $25K or even $24K.

RBA Expected to Pause, US Nonfarm Payrolls Rises Slightly

The Reserve Bank of Australia is expected to hold interest rates at 4.10% when it meets on Tuesday and a rate hike would be a huge surprise. The central bank has paused for two straight meetings and the odds of a third pause stand at 86%, according to the ASX RBA rate tracker.

Britain's Economy: Balancing Act Amidst Gloomy Metrics and Resilient FTSE 100

Recent headlines are painting a grim picture for the UK economy, with concerns of a looming recession fueled by disheartening metrics. Both house prices and factory production figures have taken a hit, raising concerns about the nation's financial health. However, amid these gloomy indicators, the FTSE 100 index stands strong, showcasing the complexity of the economic landscape.

Sunset Market Commentary

Dovish ECB Centeno later balanced the comments by suggesting that there is a risk of doing too much on rates. The different views show that the jury is still out on the September decision. Money markets see a 25% probability of a September rate hike (our preferred scenario) .

A Slow Start to the Week as Germany Continues to Display Weakness

The economic data today has been minor both in terms of numbers and impact/interest. German exports slumped again which won't come as a surprise to many given how they've performed for so long, teetering on recession and maybe so again. Global trade has suffered considerably and Germany seemingly particularly so, with China's sluggish demand clearly not helping.

RBA Pauses, But ECB Could Hardly Skip Hiking Next Week

On the flip side of the world, the Reserve Bank of Australia (RBA) kept its cash rate unchanged at 4.1% at today’s monetary policy meeting. The EURAUD rebounded from a month-dip as investors saw opportunity to trade the soft RBA stance versus a possibly unfunded softness in ECB expectations, which justifies a further upside correction in the EURAUD toward the 1.70 mark – especially when the news from China remains disquieting.

Aussie Dollar Remains in the Defensive

The Reserve Bank of Australia today as expected kept its policy rate unchanged at 4.1.%. According to the RBA ‘the higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will continue to do so’. This leaves the RBA further time to assess incoming data. The Australian economy is experiencing a period of below-trend growth and this is expected to continue for a while.

RBA Remains on Hold, Chinese Sluggish Recovery Continues, UK Retail Sales Bounce Back

The Australian dollar fell further this morning despite the RBA holding interest rates steady and warning that further tightening may be necessary.

RBA Board Left the Cash Rate Unchanged at 4.1%

The Governor’s decision statement was widely anticipated including maintaining the soft tightening bias. The decision by the Reserve Bank Board to hold the cash rate at 4.1% was seen as a near certainty by most market commentators. While the Board considered two options in August – ‘on hold’ or a 0.25% rate increase –the Minutes […]

Market Caution Returns On China Woes

Asian markets were painted red on Tuesday with Chinese stocks leading losses as disappointing PMI services data fuelled concerns over the nation’s sluggish economic recovery.