China’s Recovery On Track According to Latest Data
The Chinese GDP grew by 4.5% y/y in the first quarter, which along with other upbeat data today, show that the economic recovery maintains its momentum
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The Chinese GDP grew by 4.5% y/y in the first quarter, which along with other upbeat data today, show that the economic recovery maintains its momentum
In March, retail sales decreased by 1%, surpassing economists' predictions for a 0.4% decline. This suggests that consumers are feeling the impact of a more challenging economic climate. There was a decline in purchases of big-ticket items such as motor vehicles. This suggests that higher interest rates are causing the economy to lose momentum at the end of the first quarter. The previous month's data was revised, indicating that retail…
Watch today’s US Open for insights on the soft US CPI headline inflation that sends EUR/USD higher, Fed minutes which showed the projection of a recession, the new earnings season that gets underway and more
Watch today’s US Open for commentary on the recent poor US jobs data ahead of Friday’s NFPs, the 50 bps rate hike by the Reserve bank of New Zealand and more
The central bank of New Zealand stayed the course with another 50 basis points rate hike, against baseline expectations for a smaller move, boosting the Kiwi
Watch today’s US Open for commentary on OPEC’s surprise oil production cuts that sent prices higher, the pause in the tightening cycle by the Reserve Bank of Australia and more
The central bank of Australia decided today to leave rates unchanged at 3.6%, following ten straight hikes since the May 2021 lift-off, putting AUD/USD under pressure
As PCE shows signs of moderation, OPEC+ announces supply cut of more than 1m barrels per day from May. FXCM senior market specialists, Russell Shor and Nikos Tzabouras discuss its potential impact on inflation. This Friday sees the NFP release and the RBA and RBNZ are due to announce expected rate hikes on Tuesday and Wednesday respectively. This week also has PMI releases. Please join us for the conversation.
It fell to 50, which separates expansion from contraction for February, from 51.60, which was an eight-month high.
Watch today’s US Open for insights on the recent developments in the banking sector that seem to help sentiment, fresh geopolitical tensions and more
Watch today’s US Open for discussion on the Fed’s hike and conservative stance due to the banking turmoil, as well today’s policy decision by the Bank of England
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