US Open– 1 June 2023 (Video)
Watch today’s US Open for insights on the recent comments by Fed & ECB policymakers, the latest on the US debt ceiling and more
The economy of a nation is the engine that drives prosperity and creates wealth for that country and its citizens. A nation's utilization of its available resources and manpower has a great influence upon its overall economic prowess. Factors such as governmental structure, access to valuable commodities, size and sophistication of the labor force, and relations with trade partners are all key components of achieving economic stability. Governmental politics play a crucial role in the resolution of many issues facing a nation. The potential impact upon international markets of U.S. President-elect Trump's economic policies, tensions between Russia and NATO, and…
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.
Watch today’s US Open for insights on the latest around the US debt ceiling, the hot PCE inflation data that added to the hawkish repricing around the Fed’s rate path and more
Last week saw inflation coming in ahead of expectations. This has led to markets repricing the path of Fed hikes. US GDP came in better that expected but German GDP reflects technical recession. After a 90-minute call on Saturday, there is a debt ceiling deal which needs to be ratified by both Houses. Non-Farm Payrolls will be released this Friday, providing the next clue for rates. Listen in for these…
The core PCE was higher than the consensus of 4.6% y/y, printing at 4.7% y/y. The previous reading was 4.6% y/y. On a monthly basis, it came in at 0.4% (4.9% - annualised), higher than the 0.3% expected.
Watch today’s US Open for insights on the latest around the US debt ceiling and Fed-speak, the dovish shock by the Reserve Bank of New Zealand, the UK inflation data that keeps pressure for more rate hikes, NVIDIA’s AI-driven strong quarterly report and more
Following the negotiations over the debt ceiling, Fitch Ratings has expressed concern regarding the United States' debt, resulting in a placement of the nation's highest-rated bonds on a "Rating Watch Negative."
The German economy contracted over the last two quarters, which is defined as a technical recession. Q1 GDP, revised a second time, came in at -0.3%. This follows Q4 2022’s GDP of -0.5%. Germany has faced considerable challenges following Russia's invasion of Ukraine and the subsequent choice made by European leaders to sever relations with Moscow.
The central bank of New Zealand increased rates to 5.5% today as anticipated, but expects this to have marked the peak, in a dovish shift against market expectations for more tightening ahead
During the last policy meeting, Fed officials reached a unanimous decision to raise interest rates, despite considerable deliberation on whether it would be wiser to pause the tightening efforts. The minutes of the FOMC’s meeting held on 2-3 May, will be released today, and will provide valuable insights into the extent of the officials' consideration of maintaining interest rates and whether any committee members advocated for a pause.
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