Dollar remains broadly under pressure during Asian session as markets await the highly anticipated US CPI data. Expectations of Fed rate cuts have been building again since non-farm payroll data indicated a loosening job market. Read more…
We expect the RBNZ will leave the OCR at 5.5% at its May Monetary Policy Statement. The RBNZ will likely remain comfortable with the forward outlook communicated in the February Monetary Policy Statement. We don’t Read more…
Australia wage price index rose 0.8% qoq, below expectation of 0.9% qoq. The private sector rose 0.8% qoq and the public sector rose 0.5% qoq. Over the year, WPI slowed from 4.2% yoy to 4.1% yoy, Read more…
Kansas City Fed President Jeffrey Schmid expressed confidence that inflation will gradually return to Fed’s 2% target “over time”. But he also emphasized the importance of patience, saying, “I am prepared to be patient as Read more…
Cleveland Fed President Loretta Mester, in an interview with WSJ, expressed a cautious stance on interest rate hikes, stating, “I am not eager to consider interest rate hikes.” Mester emphasized that Fed is in a Read more…
Gold pulls back after hitting record high near $2430 Retreat remains short-lived as geopolitical risks escalate But demand from China seems to be slowing Yet, the chances for fresh advances remain elevated Geopolitics among the Read more…
Nationwide retail chains with pharmacy operations sometimes take shoppers by surprise by closing store locations for various reasons. Retailer justification for closing stores in the past year has ranged from financial distress, expiring leases that Read more…
Hello traders. In this blog post, we will look at how GBPCAD advances bullish sequence from late 2023 after it bounced from an equal leg area. As you know, we analyze and trade 78 instruments Read more…
Key themes: Jerome Powell shared the limelight with the US producer price inflation report overnight. An upside headline surprise in producer price inflation was tempered by a sizeable downside revision to the previous month and more Read more…
EURCHF rising inside impulse wave 3 Likely to reach resistance level 0.9835 EURCHF currency pair continues to rise inside the impulse wave 3, which started earlier from the support trendline of the daily Triangle from Read more…