Markets Triggered by Fed chair Powell ruling out a hike, then reinforced by sub-consensus payrolls & ISM’s and by an in-line easing of CPI earlier this week, the US Treasury rally grinded to a halt Read more…
All major US indices advanced to fresh ATH yesterday; the S&P500 and Nasdaq 100 traded at the uncharted territory, while the Dow Jones Industrial index hit the 40’000 mark for the first time – sparking Read more…
In focus today In the euro area, we receive the final euro area inflation data for April. We will especially look out for what drove the still strong service inflation and the measures of domestic Read more…
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…