The US equity markets rallied yesterday after taking over a positive session from the Europeans. However, the US retail sales data didn’t necessarily hint at slowing spending, and Jerome Powell didn’t say things that investors Read more…
Market movers today Finland and Sweden are due to submit their official applications to join NATO in Brussels at 8:00 CET today. The accession process will kick off with consultations between NATO experts and Finnish Read more…
Hawkish comments from Fed Reserve member Charles Evans saw the US dollar catch a bid early in the Asian session. Asian Indices: Australia’s ASX 200 index rose by 63.8 points (0.9%) and currently trades at Read more…
Daily Pivots: (S1) 1.2791; (P) 1.2825; (R1) 1.2843; More… Intraday bias in USD/CAD stays neutral and outlook is unchanged. Pull back from 1.3075 could extend lower, but further rise is in favor with 1.2712 support Read more…
The forex markets are engaging in sideway trading in very tight range in Asian session. Dollar and Yen remain the weaker ones for the week. But so far, there is not following selling to push Read more…
Australia Westpac-MI leading index dropped from 1.69% to 0.88% in April. Westpac recently revised down growth forecast for 2022 from 5.5% to 4.5%, reflecting the sharp increase in cost of living, and an earlier and Read more…
After the RBA Minutes noted yesterday that members had considered a 40bp rate increase at the May meeting, the focus for traders this morning was firmly on Q1 AU 2022 wages data – seeking clues Read more…
Japan GDP contracted -0.2% qoq in Q1, better than expectation of -0.4% qoq. In annualized term, GDP contracted -1.0%, first negative growth in two quarters, but better than expectation of -1.8%. GDP deflator dropped -0.4% Read more…
Chicago Fed President Charles Evans said, “front-loading is important to speed up the necessary tightening of financial conditions, as well as for demonstrating our commitment to restrain inflation, thus helping to keep inflationary expectations in Read more…
BoE Deputy Governor Jon Cunliffe said at a web event, “There’s a long tail of retail investors who have invested in cryptoassets. Do they all understand what they’ve invested in? I think not. For that Read more…