The upcoming release of China’s official Purchasing Managers’ Index (PMI) for April (0130GMT) could signal a slight deceleration in the manufacturing sector, with the PMI projected to decrease to 50.3 from 50.8 in March. This suggests that China’s manufacturing activity is expanding at a slower pace, barely maintaining above the critical 50-point mark that separates…
As we head into another eventful week in global markets, several key indicators and policy decisions are poised to shape investor sentiment and market dynamics. Here’s a comprehensive look at the expected movements and their potential impacts: USD and Federal Reserve Focus This week, all eyes will be on the Federal Reserve’s monetary policy decision…
After seeing a big sell-off Monday the past week, Gold was mostly in a range play crisscrossing its previous accelerated trend-line from February 28. This as geopolitical tensions in the middle east has come-off with Iran’s decision not to retaliate directly against Israel. That said a looming ground attack by Israel on Rafa in southern…
Oil markets stayed on pace with the general dollar dumping with the previous weeks bounce attributed to the possibility of rate cuts possibly driving demand. For now we have little catalyst early in the week which suggest we play a range retreating to the trendline, likely not pushing under last weeks lows. On the top…
Cable has been a major beneficiary of dollars retreat the past week given a strong performance of its services sector. But with manufacturing still in contraction and inflation pressures easing faster vis-a-vis the US, policy risks still point at the BoE possibly being the first to ease among the major central banks. Ahead we have…
After keeping the market anxious for more than a week of intervention speculations around 155.00, market players initially probed past the said price before clearly pushing through. Following Friday’s BoJ Monetary Policy Meeting, Governor Kazuo Ueda made clear that easy financial conditions were here to stay in Japan with March’s rate hike a symbolic one-off….
The past week saw Euro following through on a double bottom breakout though not quite hitting the pattern’s target. This has largely been on the back of weakness in US economic data that revived hopes for an easing sooner rather than later along with some flashes of strength from the Eurozone services sector. Ahead we…
Overview In today’s press conference following the Bank of Japan’s (BoJ) policy meeting, Governor Kazuo Ueda provided significant insights into the central bank’s current thinking and future monetary policy direction. The governor’s comments suggest a nuanced approach to Japan’s economic challenges, emphasizing a delicate balance between continued monetary support and responsiveness to evolving economic conditions….
Overview of Bank of Japan’s Decision On the latest monetary policy review, the Bank of Japan (BOJ) opted to maintain its benchmark policy rate at a range of 0%-0.1%, aligning with market expectations. This decision comes amidst a backdrop of fluctuating economic indicators and persistent deflationary pressures. In conjunction with holding interest rates steady, the…
The U.S. economy’s growth in the first quarter of 2024 was more subdued than expected, marking a slowdown from the robust growth seen in previous quarters. The advance GDP estimate of 1.6% annualized growth released by the Bureau of Economic Analysis (BEA) fell short of economists’ consensus of 2.5%. This deceleration becomes more pronounced when…