Market Update – June 17 – Deeply underwater
USD drifted (USDIndex 103.15) thanks to the hawkish SNB and BoE, and the potential for a shift from the BoJ. However, the BoJ eventually left policy on hold & maintained…
Read More »Japanese Yen Hits 20-Year Lows, BoJ Concerned about Weakness
The Yen has fallen to 134.56, a 20-year low, and a breakout would be the lowest since October 1998. On January 31, 2002, it was nearing 135.20. It’s now trading…
Read More »Events to Look Out for Next Week
One of the core tenets of monetary policy is price stability, and the run-away inflationary pressures over the past year have certainly put central bank credibility to the test. Elevated…
Read More »Newsquawk Week Ahead: Highlights include FOMC, BoE, RBA, BoJ, China data
MON: UK GDP Estimate (Apr). TUE: UK Jobs Data (Apr/May); Swedish CPI (May); German ZEW Survey (Jun); US PPI (May); OPEC MOMR. WED: FOMC Announcement; BCB Announcement; Chinese Industrial Production…
Read More »Forexlive Americas FX news wrap: US adds another 390,000 jobs
US major stock indices close lower on the day and lower on the week Key events and releases for next week WTI crude oil futures settle at $118.87 Iraq oil…
Read More »Forexlive Americas FX news wrap: US stocks recover but fall for the seventh straight week
Kuroda told G7 that BOJ will patiently continue with powerful easing Fed Bullard: We have to get inflation under control. We have a good plan to do so Eurozone May…
Read More »Events to Look Out for Next Week
The growth outlook is looking increasingly shaky. Yet, with inflation going through the roof, the Central banks remains on course for additional tightening measures. The Ukraine war and the standoff…
Read More »Market Update – May 18
USDIndex lost some ground, albeit with the index at better than 20-year highs, as the market repriced for more hawkish BoE and ECB outlooks. Yen is also back in demand,…
Read More »Events to Look Out for Next Week
Inflation pressures remain elevated near historic highs, as worries over aggressive Fed tightening knocking the economy into recession are still on. Slowdown fears are also being exacerbated by slumping economies…
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