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Euro’s consolidation continue amidst an absence of ground breaking news for either side. It may take something at the level of Thursday’s US Final GDP figures, consensus forecast at 1.4%, along with with a good read in the weekly claimant count to jogged things off the range play. Note that our bias is for an…
The Bank of England’s decision to maintain interest rates at 5.25% in its latest meeting came as no surprise, especially in light of the recent CPI data that confirmed inflation has eased back to the central bank’s target of 2%. This outcome aligns closely with expectations, as the market had largely priced in the likelihood…
The latest US Consumer Price Index (CPI) data presented mixed signals, with some figures below expectations, potentially altering the trajectory of Federal Reserve policy. Here’s a breakdown of the report and its implications: Implications for Federal Reserve Policy: Given these figures, the softer-than-expected inflation data could influence the Federal Reserve’s rate path, particularly if viewed…
The recent US Non-Farm Payrolls (NFP) report for May delivered a strong surprise to markets, showcasing robust job growth and an unexpected rise in wages, factors that have significant implications for both monetary policy and market dynamics. Here’s a breakdown of the key points and their broader impacts: Employment Growth and Wage Dynamics Market Reactions…
As traders wake up to a quieter trading day on May 27, they are reminded that both the United States and the United Kingdom are observing public holidays—Memorial Day and the Spring Bank Holiday, respectively. These holidays not only bring a pause to the hustle and bustle of daily life but also cast a significant…
The Federal Reserve’s April meeting minutes revealed a persistent unease among Federal Open Market Committee (FOMC) members regarding the stubbornly high inflation rates, casting doubts on the anticipated easing of the policy rates anytime soon. Despite previous easing trends, inflation remains resilient, challenging the Committee’s 2% target. Key Highlights from the FOMC Minutes: Market Implications…
In its latest monetary policy decision, the Reserve Bank of New Zealand (RBNZ) has opted to maintain the Official Cash Rate (OCR) at 5.5%, citing persistent inflationary pressures that have slowed the anticipated decline in domestic inflation. This decision aligns with the bank’s cautious stance amid an uncertain economic environment, despite the easing capacity pressures…
Overview The April US Consumer Price Index (CPI) report revealed a softer-than-expected inflation rate, increasing by 0.3% for the month and registering a 3.4% year-over-year increase, slightly below market expectations. Core CPI, excluding volatile food and energy costs, also rose by 0.3%, showing a slight deceleration from the previous month’s 0.4% increase. This report, coupled…
The Reserve Bank of Australia (RBA) maintained its official cash rate at 4.35%, reinforcing the reality of “higher-for-longer” interest rates. Despite anticipation of potential rate cuts due to easing inflation, the RBA’s decision reflects ongoing concerns about persistent inflationary pressures, particularly in the services sector. Inflation and Interest Rates Housing Market Concerns Economic Indicators and…
The latest U.S. Non-Farm Payrolls (NFP) report, released today, revealed that the economy added 175,000 jobs in April. This figure fell significantly short of market expectations of a 241,000 increase, marking the smallest monthly job growth in six months and signaling a cooling labor market. The report is a crucial indicator of economic health and…
