Middle East developments keep the Dollar range bound. But Fed rate hike bets remain elevated ahead of key US PCE data. RBNZ decision and Australia CPI data to test steep implied rate paths. Accelerating Tokyo CPI figures could ease intervention fears. Flash Italian, French, German CPI numbers, and Canada GDP also on tap. Geopolitics Continue…
Stalled US-Iran talks support high oil prices and periodic risk-off market moves. Focus shifts to new Fed Chair and Fedspeak as inflationary pressures accelerate. Nvidia earnings could extend or derail the US equity rally; gold lacks bullish catalysts. PMIs are key to Euro’s performance; UK political unrest could intensify, weakening the Pound. Dollar/Yen rises again…
Middle East headlines continue to dominate as hopes of deal grow. US CPI and retail sales data to fight for attention as Warsh takes office. UK Q1 GDP and BoJ meeting summary also on the agenda. Markets Cheer Trump’s Peace Push Despite Threats The late April surge in oil prices wasn’t met with the same…
Japan has spent $34 billion on market interventions. The futures market has revised its outlook on Fed interest rates. At the end of last week, the US dollar retreated to early March levels of 97.60, having rebounded to 98.10 at the time of writing. The catalyst for the USD index’s plunge at the end of…
Dollar’s broader weakness reasserted itself last week, even as it managed a modest late rebound against Euro. Across the board, however, the greenback remains under pressure, with underlying momentum and sentiment pointing to further downside ahead. Technically and fundamentally, Dollar is now skating on thin ice, with recent price action suggesting the near-term rebound has…
The Bank of Japan decided, as widely expected, to keep its short-term policy rate unchanged at 0.75%. While the “hold” was the majority decision, the meeting revealed a significant hawkish shift in the internal vote and a sharp revision to the bank’s economic projections. The 6-3 decision was notably split. Three board members—Hajime Takata, Naoki…
Key Takeaways: Tokyo launched 40M yen subsidies for stablecoins, aiming to build a future digital economic zone. After a 1st October launch, Japan expects local yen tokens to dominate future global payments next. Japanese yen stablecoins have regulatory advantages over their USD counterparts. Tokyo Offers Subsidies For Companies Implementing Digital Yen-Based Use Cases While dollar-based…
Hope of US-Iran deal boosts sentiment but oil prices stay elevated. March CPI due in Canada, Japan, New Zealand and UK. Flash April PMIs also on tap ahead of central bank decisions. Kevin Warsh’s Senate hearing to likely overshadow US data. Geopolitics to remain in drivers’ seat Hopes are running high that US and Iranian…
Markets In less than a week 1) an Iranian civilization was about to be wiped out 2) before Pakistani mediation resulted in a two-week ceasefire and the first high-level talks over the weekend only for the latter to 3) break down after 21 hours and bringing us de facto back to 1). After negotiations fell…
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