Daily Pivots: (S1) 195.66; (P) 196.29; (R1) 197.54; More… GBP/JPY’s rebound from 191.34 resumed after brief recovery and intraday bias is back on the upside. Rise from 191.34 is seen as the second leg of Read more…
Yen’s selloff resumed after brief recovery yesterday and continued to weaken throughout Asian session. Markets largely ignored comments from former BoJ chief economist Toshitaka Sekine, who suggested the next rate hike could happen as soon Read more…
Key insights from the week that was. On Budget 2024-25, our bulletin and conversation with Chief Economist Luci Ellis provides a full view of the Government’s fiscal position and economic plan to 2028. In terms Read more…
In an interview with Nikkei, ECB Executive Board member Isabel Schnabel indicated that a rate cut in June “may be appropriate” based on current data. However, she noted that another cut in July “does not Read more…
China’s economic data for April revealed a mixed picture, with industrial production rising by 6.7% yoy, surpassing the expected 4.6%. However, fixed asset investment for the year to date grew by 4.2% yoy, falling short Read more…
Both the government and RBA are walking a fine line, but some budget decisions might not be as inflationary as they seem at first glance. Households in Australia are collectively doing it tough. Their cash Read more…
Key Highlights USD/JPY tested the 153.50 support and recovered losses. A key bearish trend line is forming with resistance at 156.00 on the 4-hour chart. EUR/USD gained pace for a move above the 1.0800 resistance. Read more…
Some Fed officials have emphasized overnight the need for a extended period of restrictive monetary policy as they seek clearer signs of sustainable inflation reduction. At an event, Cleveland Fed President Loretta Mester stated that Read more…
There is no shortage of financial concerns for parents around raising children, but few are as daunting as planning to one day pay for college. Personal finance coach Dave Ramsey is a major advocate for Read more…
Key themes: US equities finished lower, pulling back from a rally that briefly drove the Dow Jones to a record high. A number of hawkish Fed speakers suggested that the Fed is in no rush to Read more…