Fed Preview: One More Hike – Cuts Still Far Away We expect the Fed to deliver a final 25bp hike next week and then maintain the Fed Funds rate at 5.00-5.25% for the remainder of Read more…
Markets Since the early March collapse of Silicon Valley Bank, investors reacted in an asymmetric manner to eco figures. They cherrypicked the slightest disappointments to strengthen their case of a nearby Fed policy rate peak Read more…
Real GDP expanded by 1.1% quarter-on-quarter (q/q, annualized) in the first quarter of 2023 – a marked deceleration from last quarter’s 2.6% – and well below the consensus forecast of 1.9%. Consumer spending grew by Read more…
US initial jobless claims dropped -16k to 230k in the week ending April 22, better than expectation of 245k. Four-week moving average of initial claims dropped -4k to 236k. Continuing claims dropped -3k to 1858k Read more…
AUD/USD is trading at 0.6606, down 0.31%. Earlier, AUD/USD fell to a low of 0.6595, its lowest level since March 15th. Australian inflation heads south Australia’s inflation levels have been falling and the downward trend Read more…
AUD/USD is trading at 0.6606, down 0.31%. Earlier, AUD/USD fell to a low of 0.6595, its lowest level since March 15th. Australian inflation heads south Australia’s inflation levels have been falling and the downward trend Read more…
AUD/USD is trading at 0.6606, down 0.31%. Earlier, AUD/USD fell to a low of 0.6595, its lowest level since March 15th. Australian inflation heads south Australia’s inflation levels have been falling and the downward trend Read more…
Daily Pivots: (S1) 165.86; (P) 166.44; (R1) 167.23; More… Range trading continues in GBP/JPY and intraday bias stays neutral first. Further rally is expected as long as 165.38 support holds. On the upside, break of Read more…
Daily Pivots: (S1) 165.86; (P) 166.44; (R1) 167.23; More… Range trading continues in GBP/JPY and intraday bias stays neutral first. Further rally is expected as long as 165.38 support holds. On the upside, break of Read more…
Market movers today Preliminary Q1 GDP data will be released for Sweden and the US today. Consensus is looking for a small contraction for the former (-0.1% q/q), and moderating yet still fairly solid growth Read more…