As a lifelong car enthusiast, I can attest that no artisanal or designer fragrance, vivid memory, or carefully cut flower beats anything other than the new car smell. However, for a growing number of Americans, Read more…
Key Highlights USD/JPY declined heavily below the 151.50 support zone. A key bearish trend line is forming with resistance at 151.25 on the 4-hour chart. EUR/USD is eyeing a fresh move above the 1.0520 resistance Read more…
Yen pulled back sharply from its recent rally, along with steep fall in 10-year JGB yield from its 15-year high. The move came after BoJ Governor Kazuo Ueda reminded markets of the central bank’s commitment Read more…
Japan’s PMI data for February showed slight improvements, with PMI Manufacturing rising from 48.7 to 48.9. Meanwhile, PMI Services edged up from 53.0 to 53.1. Composite PMI increased from 51.1 to 51.6, the highest in Read more…
Japan’s inflation accelerated in January, with core CPI (ex-food) rising from 3.0% yoy to 3.2% yoy, surpassing expectations of 3.1% yoy and marking the fastest pace in 19 months, driven by higher rice and energy Read more…
Fed Governor Adriana Kugler said overnight that it’s “appropriate to hold the federal funds rate in place for some time”, citing the current balance of risks in the economy. Kugler acknowledged that inflation still has Read more…
St. Louis Fed President Alberto Musalem raised concerns overnight about inflation expectations becoming “unanchored”, emphasizing that the risk is higher when the economy is running without slack and after a period of elevated inflation. Musalem Read more…
Atlanta Fed President Raphael Bostic noted his baseline expectation for two 25bps rate cuts later this year, but cautioned that “the uncertainty around that is pretty significant”, with multiple factors that could shift the outlook Read more…
The RBA cut the cash rate 25bps to 4.1% this week as expected. But the tone in the forecasts and initial rhetoric was more hawkish than we expected, reflecting an apparent pivot to ‘fine-tuning’. As Read more…
Bitcoin (BTC/USD) is holding above $95k but facing significant resistance. While spot Bitcoin ETFs have attracted substantial investments, there have been recent net outflows, and on-chain data suggests a cooling down in speculative appetite. Strategy’s Read more…