A light one on the data docket to start the new week
Things are moving slower to start the new week, with major currencies keeping in tight ranges. But if anything else, do keep an eye out for USD/JPY as it continues…
Read More »UK inflation the main highlight of the agenda today
Major currencies are looking rather muted and understandably so. Today will be more of a placeholder trading day with it being a US holiday. That makes for kind of a…
Read More »RBA leaves cash rate unchanged at 4.35%, as expected
Prior 4.35% Inflation has fallen substantially since its peak in 2022 Conditions in the labour market eased further over the past month But it is tighter than is consistent with…
Read More »BOJ likely to trim bond buying by ¥2 trillion per month, says former policymaker
BOJ may raise rates to 0.5% by end of next year That is if economy and prices move in line with forecasts BOJ likely to forgo raising rates in July…
Read More »UBS now sees the Fed only cutting interest rates in December
According to UBS: “The data is going to need to change a lot of minds to bring people back to cutting in September, and start doing so in the next…
Read More »The “crypto president” says he wants all remaining Bitcoin “to be made in the US”
And he’s now saying that he wants all remaining Bitcoin “to be made in the US”, whatever that means. He’s probably trying to promote the idea that he will be…
Read More »Far-right movement makes waves in Europe over the weekend
The French president decided to call a snap election in a last ditch effort to try and salvage the situation. Marine Le Pen’s National Rally faction looks set to win…
Read More »Dollar faces pressure as data talks once again
The report here was softer than estimated, with prices paid also easing back from April. The positive for the dollar? Employment conditions are still holding up well but that’s about…
Read More »Market holidays make for a slower start to the new week
That is keeping the overall mood more muted so far today. In the UK, it is the spring bank holiday and in the US, it is going to be Memorial…
Read More »Chinese fighter jets reportedly carrying live missiles in Taiwan drills
It is also being reported by the Chinese state media that China has sent out dozens of fighter jets and conducted mock strikes in targeted areas in the region. This…
Read More »