Markets Yesterday’s solid US ISM and hawkish Fed minutes provided the trigger for interest rate markets to rebalance away from risks to growth to central banks continuing to prioritize inflation at the upcoming meetings. Technical support levels in the US (2.70%) and German 10-y (1.15%/1.18%) yields also did their job. European interest rates still had […]
The post Sunset Market Commentary appeared first on Action Forex.
BoJ Deputy Governor Shinichi Uchida noted in parliamentary remarks that recent inflation has been driven primarily by higher import and food costs, particularly staples like rice. He acknowledged the burden on households, saying the price Read more…
China’s economic data for April revealed a patchy recovery, with retail sales rising by 5.1% yoy, falling short of the 6.0% yoy forecast and slowing from March’s 5.9% yoy. Stripping out automobiles, consumer goods sales Read more…
New Zealand’s services sector showed further signs of strain in April, with the BusinessNZ Performance of Services Index dipping from 48.9 to 48.5, well below the long-term average of 53.0. Key components of the survey Read more…