China PPI slowed from 9.1% yoy to 8.8% yoy in February, above expectation of 0.8% yoy. Senior National Bureau of Statistics statistician Dong Lijuan said, PPI was “affected by the increased commodity prices globally such Read more…
Australia Westpac consumer sentiment index dropped -4.2% to 96.6 in March, down from 100.8. That’s the worst reading since September 2020, which was also the last time thee index was below the 100-level. Westpac said: Read more…
RBA Governor Philip Lowe reiterated in a speech that Australia has the “scope to wait and assess incoming information” before working on interest rates. He highlighted two issues that policymakers are “paying close attention to”. Read more…
Fitch Ratings has downgraded Russia’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘C’ from ‘B’. The ‘C’ rating reflects Fitch’s view that a sovereign default is imminent. The rating agency said developments since March Read more…
US CPI inflation readings for February will be out on Thursday at 12:30 GMT, likely generating more anxiety for Fed policymakers amid the Ukrainian geopolitical nightmare as price pressures are expected to have intensified further. The US dollar Read more…
AUDUSD has snagged around the ascending 50-period simple moving average (SMA) around 0.7279 after its latest deep retracement from a four-month high of 0.7440. The SMAs are essentially defending the rally that began from the Read more…
The US will release CPI data for February on Thursday. Expectations are once again for a high reading. This month economists are looking for a 7.9% YoY reading vs a 7.5% YoY print in January. Read more…
When is the ECB rate decision? The ECB interest rate decision is due on Thursday at 12:30pm GMT The economic picture The ECB is between a rock and a hard place right now as it Read more…
The Euro has been moving lower against many currencies lately. For example, EUR/USD has moved from 1.1498 down to 1.0806 over the last month! And one can see as to why: The Euro zone is Read more…
EURCAD reversed from support area Likely to rise to resistance level 1.41 EURCAD recently reversed up sharply from the support area located between the key support level 1.3800, weekly down channel from 2021 and the Read more…