UK Gfk Consumer Confidence Index dropped from -26 to -31 in March. That’s the lowest level since November 2020. Personal Financial Situation over last 12 months dropped from -11 to -13. Personal Financial Situation over Read more…
BoJ Governor Haruhiko Kuroda told the parliament, “there’s no change now to my view a weak yen is generally positive for Japan’s economy.” He also reiterated the view that “cost-push inflation that is not accompanied Read more…
ECB Executive Board member Isabel Schnabel said yesterday that it had “left the door ajar” for more asset purchases if the impact of Russia invasion of Ukraine turn out to be much worse. “If we Read more…
Key Highlights USD/JPY rallied above the 120.00 resistance zone. A connecting bullish trend line is forming with support near 121.00 on the 4-hours chart. EUR/USD is now trading well below 1.1120, and GBP/USD faced sellers Read more…
A simple visual of the daily chart of any of the commodity currencies vs JPY is just too compelling and the counter-trend traders are stepping in to fade this move. I won’t critique that judgement, Read more…
Key insights from the week that was. The key release for Australia this week was not a data point but a preview, with Westpac Economics outlining our expectations for Budget 2022, brought forward to March Read more…
Last week’s FOMC meeting delivered a 25bp rate hike and a clear signal that balance sheet normalisation will begin in Q2. The surprise for us was the Committee’s decision to narrow their focus for policy Read more…
Spot natural gas trades at 7 week high Natural gas prices are trading up 4% so far today and are at the highest level since early February. Putting this into context spot natural gas prices Read more…
Investors who were unease about the ongoing Russia/Ukraine conflict now have even more to worry about. US President Joe Biden traveled to Europe this week to meet with NATO allies and discuss the situation. After Read more…
AUDJPY has recorded a multi-year high of 91.75 just beneath the 91.88-92.68 resistance region formed by the August 2015 highs. The upturn of the simple moving averages (SMAs) reflects the surge in bullish momentum after Read more…