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]
BoE’s Bailey: There are signs that the labour market is loosening a little
Share: In a speech to the British Chambers of Commerce on Wednesday, Bank of England (BoE) Governor Andrew Bailey said there are signs that the labour market is loosening a little, per Reuters. Additional takeaways "Inflation is much too high … [Continue reading]
USD/CNH could now test the 7.0500 region – UOB
Share: The continuation of the bullish move could push USD/CNH to the 7.0500 area in the near term, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: “The strong surge in USD to a high of … [Continue reading]
Japan’s Goto: GDP data shows moderate economic pickup continuing
Share: Following the release of the Japanese Q1 Gross Domestic Product (GDP) data early Wednesday, the country’s Economy Minister Shigeyuki Goto said that “GDP data shows moderate economic pickup continuing.” Additional takeaways Economy likely to … [Continue reading]
US government CDS spreads decline as debt ceiling negotiations progress
Share: “A measure of the cost to insure exposure to U.S. government debt declined on Tuesday as Democratic President Joe Biden and top congressional Republican Kevin McCarthy edged closer to a deal to avoid a debt default,” said Reuters early … [Continue reading]
GBP/USD bulls are holding the fort in key support
Share: GBP/USD bears are in the market testing daily support. Sterling bulls eye a move towards 1.2550s. GBP/USD is trading at around 1.2480 and has traveled between a low of 1.2465 and a high of 1.2546 so far on the day. The British … [Continue reading]