The Pound Sterling underperforms its peers as the preliminary UK PMI unexpectedly contracted in April. Trump is confident of closing bilateral deals with various nations soon. Investors await the preliminary US PMI data for April. The Pound Sterling (GBP) weakens against most of its peers on Wednesday after the release of poor preliminary S&P Global/CIPS…
A few pieces of good news helped calm investors’ nerves before the Easter break. First, Donald Trump said yesterday that the US and Japan made ‘big progress’ in trade negotiations. The latter headlines helped the Nikkei gain over 2% yesterday and extend gains by about 0.64% this morning. He also said that there could be…
As the cryptocurrency world steps closer to the financial mainstream, U.S. Federal Reserve Chair Jerome Powell reignited calls for a legal framework around stablecoins, digital tokens often pegged to the dollar that are increasingly used in global transactions. But while Powell sees regulation as a necessity, his broader comments also raised new concerns over inflation…
St. Louis Federal Reserve (Fed) President Alberto Musalem indicated that he was closely monitoring whether a rise in short-term inflation expectations was seeping into longer-term ones, noting that such a development could complicate efforts to combat inflation and diminish the Fed’s flexibility in addressing labour market weaknesses. Key Quotes Distinct possibility that inflation rises even…
Kansas City Fed President Jeff Schmid delivered a hawkish message today, emphasizing that his primary focus remains “squarely” on the inflation outlook. He flagged a notable increase in upside inflation risks alongside rising downside risks to employment and growth, painting a challenging picture for policymakers. However, he emphasized, “With renewed price pressures likely, I am…
US equity markets tumbled due to President Trump’s tariff proposals, raising global growth concerns. Federal Reserve Chair Jerome Powell acknowledged tariffs’ impact, emphasizing monitoring inflation and waiting for more data. The upcoming week focuses on further tariff developments, US jobs data, and central bank decisions in Australia and New Zealand. Technical analysis shows that the…
The Ethereum price has been in a sharp decline in the past months, underperforming compared to Bitcoin (BTC) and Solana (SOL). Despite its unwillingness to experience a significant price increase, a crypto analyst has revealed his bullishness for ETH, predicting a potential recovery to $4,000 before the end of the bull cycle. Ethereum Price Projected…
The dominant trends that shaped Q1 in global markets appear to have run their course, with most major assets entering consolidation phase last week. US stocks staged a mild recovery from steep selloff since mid-February, but upside momentum was notably weak. Meanwhile, Dollar, which had been under pressure throughout March, appeared to find a near-term…
Risk Assets continue to struggle despite some gains in the S&P 500 and Dow Jones. It highlights investor concerns about US trade policies and the Federal Reserve’s stance on inflation. On the economic data front, we have PMI and inflation figures in the US, Europe, UK, and Asia Pacific. We also key events like Japan’s…
Summary United States: February Bounce More Likely a Head Fake Retail sales, industrial production, existing home sales and housing starts all jumped in February, rebounding from the declines posted the month prior. On closer examination, however, the underlying data point to economic growth hitting a soft patch. Next week: New Home Sales (Tue.), Durable Goods…