US non-farm payroll report is a major focus today. Markets are expecting 150k job growth in January. Unemployment rate is expected to stay unchanged at 3.90%. Average hourly earnings are expected to grow 0.50% mom. Read more…
BoJ Governor Haruhiko Kuroda told the parliament today that inflation remains subdued in Japan because of the delay in recovery from pandemic, the public’s deflationary mindset and firms’ assumption that prices won’t rice much. “In Read more…
Richmond Fed President Thomas Barkin in a Reuters interview, “it is a straightforward call to say we ought to get rates back into better position. It does not feel to me like there is enough Read more…
Key insights from the week that was. The first week of February has been acutely focused on monetary policy, with last week’s US FOMC meeting followed by the RBA, BoE and ECB. Beginning with the Read more…
Key Highlights USD/JPY started a decent increase from the 113.50 zone. It broke a crucial bearish trend line with resistance near 114.20 on the 4-hours chart. EUR/USD surged above 1.1350, and GBP/USD spiked above 1.3600. Read more…
After the hawkish ECB meeting today, we change our ECB call and now expect the ECB to hike its deposit facility rate in December this year, and again in March 2023, by 25bp each, which Read more…
The Bank of England hikes rates by 25bps, as expected. However, the decision was close to being a 50bps hike, as 4 of the 9 members voted for the higher rate increase. The markets took Read more…
The ECB left its key interest rates unchanged today at 0.0% and left the deposit rate unchanged at -0.5% as well. In the statement, the committee “judges that realized progress on inflation is sufficiently advanced Read more…
EURUSD reversed from support zone Likely to rise to resistance level 1.1470 EURUSD currency pair recently reversed up sharply from the support zone lying between the major support level 1.12 (which has been reversing the Read more…
EURAUD broke resistance zone Likely to rise to resistance level 1.6125 EURAUD currency pair recently broke the resistance zone lying between the key resistance level 1.5950 (which has been reversing the pair from January) and Read more…