Yen’s selloff re-accelerates after Fed Chair Jerome Powell hinted at a 50bps rate hike at next meeting in May. Dollar is firming up broadly, but trails Canadian. Loonie is supported by extended rebound in oil Read more…
New Zealand Westpac consumer confidence dropped from 99.1 to 92.1 in Q1, hitting the lowest level since the global financial crisis in 2008. Present conditions index dropped from 94.8 to 90.1. Expected conditions index dropped Read more…
BoJ Governor Haruhiko Kuroda reiterated to the parliament today that it’s still premature to discuss details on stimulus exit. “Given recent price developments, we need to patiently maintain our powerful monetary easing,” he said. Kuroda Read more…
US benchmark treasury yield jumped sharply overnight after Fed Chair Jerome Powell gave green light to more aggressive tightening pace. He said, “there is an obvious need to move expeditiously to return the stance of Read more…
DXY: On the H4 timeframe, prices are on bullish momentum and consolidating in a triangle pattern. We see the potential for further bullish momentum from our 1st support at 98.175 in line with 61.8% Fibonacci Read more…
Key Highlights GBP/USD started a fresh increase above the 1.3120 resistance. A key bullish trend line is forming with support near 1.3140 on the 4-hours chart. EUR/USD must clear 1.1120 to start a steady increase. Read more…
U.S. yields surged overnight by a jaw-dropping 10-18bp across the curve after Fed Chair Powell opened the door to a 50bp rate hike at the next FOMC meeting. “if we conclude that it is appropriate Read more…
Fed Chairman Powell sent a signal to the markets today that the Fed would be aggressive on interest rates if they must. Speaking at the Nation Association for Business Economics (NABE), Powell said that “if Read more…
Chancellor Rishi Sunak gives the Spring Statement as inflation continues to rise and is expected o hit 8% in April. Will he bring some relief to households? When is the Spring Statement? The Spring Statement Read more…
Jerome Powell’s latest remarks caused a bit of panic as investors realised that the Fed is open to an even more aggressive rate hiking path. Powell noted that – if necessary – the Fed would Read more…