Dollar squeezed as firm inflation pressures Fed
Overnight Headlines *US stocks were higher after sticky US CPI *USD eased from Tuesday’s one-year high *Gold had its best session in seven months, nears resistance *Bitcoin rose 1.5% to…
Read More »Expectations for a PBOC reserve requirement ratio cut Friday
Earlier this week ANZ was out with a forecast for a 50 basis point cut in the RRR, or a targeted MLF. (MLF is a medium term lending facility –…
Read More »Gold Price Analysis: Bulls move in on $1,800 as stagflation fears kick-in
The price of gold is flat in the Tokyo open on Friday, trading near $1,796 as the price consolidates its recent rally from out of consolidation near $
Read More »NZD/USD Outperforms as RBNZ Rate Bets Tighten, Business PMI Improves
The New Zealand Dollar is receiving strong inflows against the US Dollar as traders price in a more aggressive rate hike path for the RBNZ. Chinese FDI data is slated…
Read More »Morgan Stanley Q3 2021 Earning Preview
Morgan Stanley, Daily Morgan Stanley, the American multinational investment bank and financial services company which provides investment banking, securities, wealth management and investment management services is expected to report its…
Read More »Market Update – October 13 – All eyes on CPI
Supply chain disruptions are increasingly hitting production targets and adding to stagflation concerns. The bond market is overlooking Wednesday’s CPI data and the prospects for a hot report and the…
Read More »RBNZ Dep Gov Bascand says heightened uncertainties remain, COVID-19 still poses risks
Reserve Bank of New Zealand Deputy Governor Bascand speaking – says to take action as needed to ensure regulated financial institutions’ balance sheets are resilient to future stresses in the…
Read More »US CPI inflation is likely to remain high
US equities drifted with the S&P500 falling 0.24% and the Nasdaq dropping 0.14%. The looming start to the earnings season has probably deterred some investors from placing large positions. Soaring…
Read More »Singapore Dollar Gains, USD/SGD Falls as MAS Surprises with Tightening. Now What?
The Singapore Dollar gained and USD/SGD fell as the Monetary Authority of Singapore (MAS) unexpectedly tightened policy at its biannual meeting. Will USD/SGD continue lower?
Read More »Australian Employment report gives something for both bulls and bears
Australia’s labour force survey for September has been released as follows: AUSTRALIA SEPT EMPLOYMENT -138.0K S/ADJ (REUTERS POLL: -137.5K) 13-Oct-202
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