Archive for February 2nd, 2021

Central Bank Watch

Reserve Bank of Australia Lays Out a Long Path Before a First Interest Rate Hike

February 2, 2021

After customarily skipping of a January Board meeting, monthly policy reviews resumed in Australia where officials agreed to leave their Official Cash Rate unchanged at a record low of 0.1% where such has been since a 15-basis point in November. The OCR previously in 2020 had been cut twice in March by 25 basis points […] More

New Overnight Developments Abroad - Daily Update

A Rise in Equities, Sovereign Debt Yields, and the Dollar as GameStop and Silver Swoon

February 2, 2021

The price of GameStop has imploded about 60% in the past 24 hours, and the other notable short squeeze has fallen back 6.3%. The removal of these unhealthy elements in financial markets has been beneficial overall. The S&P, DOW, and Nasdaq each opened about 1% higher. In the Pacific Rim earlier today, stock markets closed […] More

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