CNY
We hit a new year-to-date low on the China CFETS basket yesterday, down 2.9% year to date and the PBoC seems to be a happy camper with the pressure off the Yuan. Yesterdays’ extrem… Read More
The British pound continued to edge higher with GBPUSD posting a 10-week high. Meanwhile US durable goods orders increased 0.80% less than what the markets expected
Today’s Economic ev… Read More
On Thursday, the USD/JPY pair plunged around 300 pips due to the YEN bulls that moved in strong. This was happening as the BOJ (Bank of Japan) Governor Kuroda announced that the bank will ma… Read More
Philip Lowe is set to replace Glenn Stevens as governor of Australia’s central bank, inheriting an economy grappling with the onset of disinflation that forced policy makers to cut int… Read More
US Dollar Could Strengthen if Advance Retail Sales Data DisappointsFundamental Outlook for US Dollar: Bullish - US Dollar starts the week strong as Dow Jones tumbles push it to highs vs. Eu… Read More
Hawkish FOMC Minutes and Strong Data Boost USD
The biggest surprise of the trading week came from an unlikely source as the minutes from the April 27 Federal Open Market Committee (FOMC) me… Read More
Image via European Parliament / Flickr
The Reserve Bank of Australia left interest rates unchanged at 1.75% at today’s meeting. The Pound Sterling remains bullish but volatile, rising… Read More
The Reserve Bank of Australia opted to keep interest rate unchanged at 1.75% at its meeting today. The Bank of England released its Financial Stability report and lowered the bank’s ca… Read More
Central Banks Take Center Stage
This week, both the FOMC and Bank of Japan will share centre stage along with Australia’s Q2 CPI data print, which will vie for the spotlight.
The Feder… Read More
The currency markets opened on Monday on a quiet note with most of the trading confined to the Asian and European sessions. The US and Canadian markets were closed on Monday. Economic data d… Read More
A Dentist is a Medical Practitioner who majors in the treatment of diseases relating to the Dentals. They also take care of cosmetic requirements of the teeth. The appearance of the face is… Read More
Tuesday November 7: Five things the markets are talking about
It’s a very light week for the economic calendar.
In the U.S, today’s JOLTS data will update job openings, which ha… Read More
More tax reform wobbles and squabbles to come?
The market certainly had its Jekyll-and Hyde moments last week as the torrent of interparty lobbying suggests we are nearing a now or never mom… Read More
The AUD/USD slipped this week following the Reserve Banks of Australia’s unsurprising decision to leave Australian Interest rates on hold at 1.5%.
Rates have remained static since the… Read More
The week ahead is relatively quiet with no major economic releases lined up. This leaves much of the macroeconomic fundamentals confined to the meeting minutes from the RBA and the FOMC.
The… Read More
Bloomberg is reporting U.S. and Canadian negotiators are close to a deal on Nafta and there’s optimism it will be reached by the Sunday deadline — an outcome that would avoi… Read More
For any follow-up, I’m contactable on Reuters Messenger, via the BBG terminal or my mobile numbers
USD is still very data-dependent, so it will be tricky to trade
US Rates … Read More
For any follow-up, I’m contactable on Reuters Messenger, via the BBG terminal or my mobile numbers
The risky business of trading an interest rate view
US Rates
The markets… Read More
A Dentist is a Medical Practitioner who majors in the treatment of diseases relating to the Dentals. They also take care of cosmetic requirements of the teeth. The appearance of the face is… Read More
The Australian Dollar is closing in on a 3 month high this week following a dovish tone from the FED and encouraging if not perfect inflation data. The combination of the Jerome Powell&rsquo… Read More
Euro and Swiss Franc fall as more strong US economic data is released.
Italian GDP and Swiss Inflation data missed estimates on Tuesday which put both the Euro and Swiss Franc on the back… Read More
Pound falls as Brexit and now political uncertainty weighs.
The Pound vs the US Dollar is threatening to break to the downside with very little technical support.
Thursday saw Theresa May… Read More
RBA’s Lowe prepared to ease further
In a speech titled “Inflation Targeting and Economic Welfare” late this morning, RBA Governor Lowe said that he would be willing to eas… Read More
Where do we stand
This week has seen the focus remain on central bank, particularly the disappointment with their ability to do what the market demands of them.
Last week it was Mario Draghi… Read More
Image Credit- forextrading.company
The
International economic downturn encouraged investors to buy the safe haven
currency leading to Japanese Yen held onto recent gains., while broader F… Read More
The upcoming week will focus heavily on incremental trade updates, German economic data, an RBA rate decision, Bank of England policy meeting that comes with updated economic forecasts and t… Read More
Two down, two to go
The month of compromise has delivered two so far. OPEC+ agreed on output targets for next year while the EU27 gave their backing to the 2021-27 budget and recovery fund… Read More
The focus for the upcoming week will stay with the bond market. Financial markets are worried with how high Treasury yields can go. Treasuries have declined for seven straight we… Read More
Country
US
The US economy is about to run hot as a hiring spree has officially started. The dollar may have got its groove back as Treasury yields are rising again. It will take… Read More
US economic data is good, but not yet supportive of the substantial progress that is needed for the Fed to seriously begin talking about tapering asset purchases. The US dollar and Tre… Read More
Many central banks are starting to withdraw the emergency stimulus they introduced to fend off last year’s pandemic recession.With inflation accelerating, the Federal Reserve is set to… Read More
Inflation is a growing concern
For years central banks have been operating under the assumption that inflation will eventually return to target while having the flexibility to wait until the… Read More
Investors concerned about new Covid variant
For months now the main topic of conversation in the markets has been inflation. Is there too much of it, is it here to stay, and are monetary pol… Read More
Brainard talks hawkish
The overnight session was dominated by comments from Fed Governor Lael Brainard, who set the cat amongst the pigeons of the equity and bond markets with some very hawk… Read More
The bond market selloff did not ease up heading into the long holiday weekend and traders will have to soon decide if they decide to sell in May and go away. The upcoming week is fille… Read More
Big events keep coming
It could be an interesting start to the week depending on who wins the second round of elections in France on Sunday. Marine Le Pen has made significant progress over… Read More
The Australian dollar is in calm waters this week, as AUD/USD trades quietly just below the 0.73 level.
GDP slows to 0.8%
Australia’s Q1 GDP slowed to 0.8% QoQ, after a massive 3.6% Qo… Read More
What will the jobs report tell us?
The build-up to the Jackson Hole symposium last week was quite tense. Investors have spent the weeks since the July Federal Reserve meeting celebrating the… Read More
By ForexTime
The Australian Dollar has been the best-performing G10 currency against the US dollar so far in 2023.
AUDUSD currently also boasts a year-to-date advance of more than 3.7% at t… Read More
US
The latest round of economic data (retail sales, CPI, PPI, jobless claims) are all signaling more Fed rate hikes are coming. Wall Street will pay close attention to the flash PMIs… Read More
Its an active central bank calendar coming up on Monday, 20 March 2023 during the Asia session. At 1810 US Eastern time the Reserve Bank of Australia: Christopher Kent, Assistant Governor (F… Read More
By JustMarkets
The Dow Jones index (US30) decreased by 0.15% at the close of the stock market yesterday, while the S&P 500 index (US500) closed at its opening price… Read More
It's a very light data calendar in the Asia session ahead.
At 0130 GMT, 9.30pm US Eastern time, we get the minute of the RBA meeting earlier this month. The decision was on hold:
RBA leaves… Read More
Week Ahead July 31st - August 4th
MON: Japanese Retail Sales (Jun), Chinese Official PMI (Jul), German Flash GDP (Q2), New Zealand Labour CostIndex (Q2)
TUE: RBA Announcement, Chinese Caixin… Read More
The Reserve Bank of Australia (RBA) has decided to keep the nation's cash rate on hold at 4.1% for the third consecutive month. This comes as Governor Philip Lowe makes his final monetary po… Read More
RBA leaves interest rates on hold at 4.1 per cent September 2023
The Reserve Bank of Australia (RBA) has chosen to maintain the official cash rate at 4.1 percent, marking the third consecut… Read More
RBA holds the Cash Rate at 4.1%
AUDUSD falls despite warning that further hikes remain an option
Key technical support eyed after brief consolidation
The Australian dollar softened this morn… Read More
Headlines: A slight setback for the aussie on the RBA decision RBA leaves cash rate unchanged at 4.35%, as expected RBA’s Bullock: Rates are at the right level to get inflation back to… Read More
The Australian Dollar depreciates despite the higher-than-expected Employment Change.
Australia’s Unemployment Rate dropped to 4.0%, from April’s 4.1% rate as expecte… Read More
The Australian Greenback depreciates regardless of the higher-than-expected Employment Change.
Australia’s Unemployment Price dropped to 4.0%, from April’s 4.1% price… Read More