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China CPI and PPI disappointed last week. This week US CPI will be released on Tuesday and the Fed statement is scheduled for Wednesday. The market is pricing in a pause but given the RBA and BoC surprise hikes last week, it is going to be close. Thursday has the ECB expected to hike by 25 bps and Friday will see the BoJ Policy Rate announcement. Tune in to this…
Amidst an uncertain monetary outlook, the US Fed announces a pivotal policy decision. Recent commentary point to a possible hold, while keeping further tightening in play as inflation is far from target and the labor market remains strong
Watch today’s US Open for insights on the Bank of Canada decision to restart rate hikes, Eurozone’s unexpected first quarter contraction and more
There is high uncertainty around the monetary policy outlook, with this week’s surprise decisions by the RBA and the BoC being a testament to that
Watch today’s US Open for insights on Saudi Arabia’s additional oil output cut, the new hawkish surprise by the central bank of Australia, Apple’s mixed reality headset announcement and more
Last Friday’s NFP surprised to the upside printing at 339K – 193K was expected. Fed speakers talk about a skip in rate hikes and markets have repriced around this. Saudi Arabia announced a 1 million barrels/day cut for the month of July with an option to extend. The Reserve Bank of Australia surprised markets with a 25-bps hike but Bank of Canada is still expected to hold. On Friday we…
Australia’s central bank hiked interest rates again to the highest level in more than ten years, against baseline expectations for a hold, as inflation remains high despite its moderation
The US is predominantly a services-based economy. This makes the ISM non-manufacturing data particularly interesting. May’s figure was released today, printing at 50.3, down from 51.90 for April. This is a five-month low. When the numerical is above 50, companies are experiencing growth and expansion. The prices component of the survey came in at 56.2. This is down from 59.6 in April. The Fed is worried that services-based inflation is…
Watch today’s US Open for insights on the recent comments by Fed & ECB policymakers, the latest on the US debt ceiling and more
Markets had come to expect another rate hike in June after the hot PCE inflation figures, but two Fed voters advocated in favor of a skip on Wednesday, causing another repricing ahead of Friday’s key jobs report
FXCM’s CHN50 and HKG33 CFDs have charted a lower peak followed by a lower trough. This puts the indexes into downtrend.
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