Share: European Central Bank (ECB) President Christine Lagarde said on Friday, “ECB will be courageous to take the decisions needed to bring inflation back to 2%.” “We are heading towards more delicate decisions going forward,” she added. Source … [Continue reading]
Japan Tertiary Industry Index (MoM) came in at -1.7% below forecasts (-0.1%) in March
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
US Dollar Index: Anxiety ahead of Fed Powell’s speech, US debt limit news prods DXY bulls at two-month high
Share: US Dollar Index bulls take a breather at multi-day top after three-day uptrend. Hawkish Fed bets, hopes of no US default underpin US Treasury bond yields and DXY run-up. Challenges to US debt ceiling deal, likely spat between the Washington … [Continue reading]
USD/MXN stays firm as Banxico halts rate hikes; buyers target 18.0000
Share: Banxico leaves interest rates unchanged at 11.25%, ending the hiking cycle initiated in June 2021, causing a muted reaction in the USD/MXN. Banxico’s statement indicates a disinflationary process underway, yet it acknowledges a complicated … [Continue reading]
Gold Price Forecast: XAU/USD to reach $2,120 by Q1 2024 – ANZ
Share: Economists at ANZ Bank retain a bullish view and forecast Gold at $2,120 by the first quarter of the next year. Risk could stem from divergence between Fed’s actions and market expectations “Prolonged geopolitical tensions, such as that … [Continue reading]
USD/MXN: Another hike would be a surprise, but would not be guaranteed to be welcomed by the Peso – SocGen
Share: Economists at Société Générale analyze the USD/MXN outlook ahead of the Banxico meeting. Break below 17.45 can lead USD/MXN towards next projections at 17.10/16.95 “Banxico is likely to pause monetary tightening today and leave the key rate … [Continue reading]
Asian Stock Market: Tracks Wall Street’s gains despite sluggish S&P500 Futures amid US debt limit optimism
Share: Equities in Asia-Pacific zone grinds higher while tracing Wall Street’s moves, ignoring S&P500 futures. Stocks in Australia, New Zealand benefit from easing hawkish RBA bets and upbeat NZ budget. China’s trade news, hopes of no US … [Continue reading]
Australia Full-Time Employment down to -27.1K in April from previous 72.2K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Forex Today: Dollar weakens amid risk appetite; eyes turn to Australian jobs data
Share: A busy session is ahead in Asia, with several key reports scheduled for release. The most important report will be the Australian employment data. In New Zealand, the government will deliver the Budget 2023, and wholesale inflation data is … [Continue reading]
NZD/USD rally capped by strengthening US Dollar, housing market recovery
Share: US housing market data shows the recovery, bolstering the US Dollar and limiting NZD/USD gains. Improving US debt ceiling discussions boost Wall Street and investor sentiment. Despite some dovish-leaning Fed speakers, no rate cuts are … [Continue reading]