A Risky Lopsided US Stock Market Performance
A Risky Lopsided US Stock Market Performance The year-to-date performance of the S&P 500 has been heavily skewed by the top 8 market cap stocks (FAANG + MNT). US regional bank fear persists despite the takeover of First Republic Bank by JPMorgan Chase. Markets are looking out for clues on the timing of the first […]
Slightly Easing Price Pressures
Slightly Easing Price Pressures A busy week of data releases and central banks begins on a quiet note. Today we are eager to see if the US ISM manufacturing index for April reflects similar strength to previous PMIs. Early Tuesday morning, we expect the RBA to leave monetary policy unchanged in line with market […]
RBA Board to Pause Again at its May Meeting
RBA Board to Pause Again at its May Meeting The Reserve Bank Board meets next week on May 2. Following the release of the March quarter inflation report Westpac now expects the Board to extend the pause it instigated at its April meeting to the May meeting. This decision comes despite the likelihood that the […]
EUR/USD Key Resistance Test
EUR/USD Key Resistance Test EUR/USD: EUR/USD continues to struggle with resistance around the 1.1000 level, despite aggressive comments from ECB, which were reiterated in the release of the meeting minutes of the Bank’s latest rate hike. Headline inflation CPI has continued to fall in both the U.S. and Europe, and this week eurozone inflation CPI […]
EUR/USD, GBP/USD Hold Near Resistance Ahead of Euro
EUR/USD, GBP/USD Hold Near Resistance Ahead of Euro Both the EUR/USD and GBP/USD pair are holding near key points of resistance with inflation data set to be released from each economy tomorrow morning. While European inflation has fallen as the ECB has lifted rates with tomorrow expected to show at 6.9% for headline CPI, UK […]
Australian Dollar Dips After RBA Leave Rates Unchanged
Australian Dollar Dips After RBA Leave Rates Unchanged The Australian Dollar slipped slightly in the aftermath of the RBA standing still on rates for the first time since May 2022. The RBA maintained some flexibility and didn’t rule out future hikes. In the accompanying statement on monetary policy, they said, “The Board expects that some […]
Gold Price Rallies As SVB Failure Casts Doubt for Fed Rate Hikes
Gold Price Rallies As SVB Failure Casts Doubt for Fed Rate Hikes The price of gold carves a series of higher highs and lows following the failed attempt to test the February low of $1805, and the failure of Silicon Valley Bank (SVB) may continue to heighten the appeal of bullion as market participants scale […]
GBP/USD Drifting: The British Pound Is Drifting
GBP/USD Drifting: The British Pound Is Drifting The British Pound is drifting for a third day straight. In the European session, GBP/USD is trading at 1.2161, down 0.09%. We could see stronger volatility from the pound before the weekend, with the release of the US inflation report and UK GDP on Friday, both of which […]
US CPI Preview:- Will lower inflation data cause the Fed to pause
US CPI Preview:- Will lower inflation data cause the Fed to pause In general, inflation has been slowing over the last few months. Tomorrow, markets will get a look at December’s CPI print. Expectations are that the headline print will continue to move lower to 6.5% YoY vs a November reading of 7.1% YoY. Last […]
Upcoming Market Updates: JPY, EUR, CHF, GBP, CAD, USD
Upcoming Market Updates: JPY, EUR, CHF, GBP, CAD, USD JPY: Average Cash Earnings y/y, it measures Change in the total value of employment income collected by workers. EUR: German Factory Orders m/m, it measures Change in the total value of new purchase orders placed with manufacturers. EUR: German Retail Sales m/m, it measures Change in […]
The Minutes from the December FOMC meeting
The Minutes from the December FOMC meeting The Minutes from the December FOMC meeting showed that Fed members observed that a slowing of interest rate increases would allow the central bank to assess the progress on inflation and employment. Recall that the FOMC slowed the pace of interest rates increase to 50bps from 75bps the […]
Upcoming Market Updates: JPY, EUR, GBP, USD, CAD
Upcoming Market Updates: JPY, EUR, GBP, USD, CAD JPY: Monetary Base y/y, it measures Change in the total quantity of domestic currency in circulation and current account deposits held at the BOJ. JPY: 10-y Bond Auction, it measures Average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction. […]
EUR/USD Slides to three week low
EUR/USD Slides to three week low The US dollar is showing strong gains against the majors yesterday, with the exception of the Japanese yen. EUR/USD has tumbled by 1.27% and is trading at 1.0528 in Europe. EUR/USD is sharply lower, despite a very light economic calendar. The only release of note is German CPI, which […]
Upcoming Market Updates: AUD, NZD, EUR, GBP, CAD, CHF, CNY, USD
Upcoming Market Updates: AUD, NZD, EUR, GBP, CAD, CHF, CNY, USD AUD: MI Leading Index m/m, it measures Change in the level of a composite index based on 9 economic indicators. NZD: Credit Card Spending y/y, it measures Change in total spending facilitated with a credit card. EUR: German GfK Consumer Climate, it measures Level […]
Markets Position, The lower-than-expected US inflation
Markets Position, The lower-than-expected US inflation The lower-than-expected US inflation print simply extended with economic data serving as an accelerator. European stocks add a normal 0.6% but US indices open with very solid 0.9-2.5% gains. The US NY Empire manufacturing index surpassed the bar with ease, coming in at 4.5 vs a -6 consensus. But […]
Upcoming Market Updates: JPY, AUD, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, EUR, GBP, CAD, USD JPY: Prelim GDP Price Index y/y, it measures Change in the price of all goods and services included in GDP. JPY: Prelim GDP q/q, it measures Change in the inflation-adjusted value of all goods and services produced by the economy. AUD: Monetary Policy Meeting […]
Upcoming Market Updates: GBP, CHF, EUR, USD, NZD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, CHF, EUR, USD, NZD GBP: Rightmove HPI m/m, it measures Change in the asking price of homes for sale. CHF : PPI m/m, it measures Change in the price of goods and raw materials purchased by manufacturers. EUR: Industrial Production m/m, it measures Change in the total inflation-adjusted value […]