The Bank of Canada maintained the overnight rate at 4.5%, while stating that it will continue with Quantitative Tightening (QT). Regarding the recent resurgence in economic momentum, the report stated, “economic growth in the first Read more…
ECB Governing Council member Robert Holzmann told German newspaper Boersen Zeitung that the persistence of inflation currently calls for further action: “The persistence of inflation currently argues for another 50 basis points (in May).” Holzmann Read more…
US futures Dow futures +0.73% at 33920 S&P futures +0.93% at 4148 Nasdaq futures +1.2% at 13125 In Europe FTSE +1% at 7854 Dax +1% at 15813 CPI falls to 5%, core CPI rises to Read more…
US CPI rose 0.1% mom in March, below expectation of 0.3% mom. CPI core (all items less food and energy) rose 0.4% mom, matched expectations. Energy index decreased -3.5% mom while food index was unchanged. Read more…
The currency market has moved little over the past week, waiting for significant drivers. The Easter lull is likely to end today, as inflation data and the Fed’s March meeting minutes are expected to be Read more…
Gold is currently under pressure but is still above the 2,000 psychological mark and the short-term simple moving averages (SMAs) in the 4-hour chart. The short-term technical oscillators are showing some bearish signs and point Read more…
NZDUSD had been steadily gaining ground after finding its feet at the 2023 low of 0.6083 in early March. However, the recovery proved to be short-lived and the price reversed lower, diving beneath its 50-day simple Read more…
Daily Pivots: (S1) 165.48; (P) 165.84; (R1) 166.49; More… Intraday bias in GBP/JPY is back on the upside with break of 166.38 resistance. Rise from 155.33 is resuming and further rally should be seen to Read more…
GBP/USD rises ahead of US inflation data, BoE’s Bailey IMF forecasts 0.3% contracting for UK in 2023 US CPI expected to cool to 5.2% YoY GBP/USD needs to rise above 1.2450 to extend gains GBP/USD Read more…
Market movers today The highlight of today will be US CPI for March. We look for 0.4% m/m on the core CPI, in line with consensus. It is a decline from 0.5% m/m in February Read more…