Central Bank

We have revised our view of the most likely scenario for the path of the RBA’s cash rate, pushing out the start date of the rate-cutting cycle from February to May, but more front-loaded than previously assumed.

EUR/USD faces pressure due to a strong US Dollar and concerns about the ECB’s policy direction.

The EUR/USD currency pair has experienced significant turbulence recently, with a brief drop below the 1.0500 level marking a critical turning point.

Bank of Japan (BOJ) governor Kazuo Ueda will deliver a speech and hold a news conference in the central Japan city of Nagoya next Monday, the BOJ said, an event that will be closely watched by markets for hints on whether it might raise interest rates next month.

The outcome of the next rate setting meeting seems set in stone: rates will remain on hold. We think that the NBH doesn’t want to open Pandora’s box.

The consumer price index rose at annual pace of 2.6% after September saw lowest rate in more than three years

After Trump comeback, normality to return to markets with US CPI.GDP data from UK and Japan to also be important.But volatility to likely persist as markets assess impact of Trump 2.0.

The US Fed has cut its policy rate by 25bp. They acknowledge that policy remains restrictive and that further cuts are likely but that the pace of those cuts may slow. They were reluctant to discuss the ‘Trump effect’, but here’s the risk: slightly firmer growth with more inflationary pressures. And that might lead to a less aggressive rate-cut narrative.

The Australian dollar (AUD) saw moderate gains, with the AUD/USD rate climbing above 0.6600 in recent overnight trading. This movement reflects cautious optimism as markets await the U.S. election outcome and closely monitor signals from the Reserve Bank of Australia (RBA) regarding future interest rate adjustments.