Australian Dollar in Free Fall after Big CPI Miss, BoC Watched Today
Australian Dollar is overwhelmingly the worst performing one today. It suffers heavy selling after much weaker than expected CPI raises the chance of RBA rate cut later this year. New Zealand Dollar follows as second as RBNZ is also expected...
The Aussie Gets Slammed With CPI Data Miss
Australia’s Inflation appears to have left the building for today’s CPI report. With headline data missing expectations and moving further away from the target band, rate cut-calls are likely on the rise. In February, the RBA downgraded Q2 CPI and...
EUR/USD And USD/JPY Facing Uphill Task
EUR/USD declined recently after it failed to break the 1.1260 resistance area. USD/JPY is currently trading in a broad range, with a strong resistance near the 112.00 zone. Important Takeaways for EUR/USD and USD/JPY The Euro started a major decline...
Australian Q1 Inflation – CPI Flat In The Quarter Highlighting Very Little Inflationary Pressure
March Quarter CPI Headline CPI 0.0%qtr/1.3%yr Trimmed mean 0.28%qtr/1.6%yr Weighted median 0.10%qtr/1.2%yr Inflation surprises to the downside – the return of Godot The March Quarter CPI was flat (0.0%) compared to the market median of 0.2% and Westpac’s forecast for...
Noted banking analyst Mike Mayo warns State Street shareholders executive pay is too high
Widely regarded banking analyst Mike Mayo of Wells Fargo is calling out top executives at State Street. In a research note issued after State Street’s earnings were released Tuesday morning, Mayo writes “STT needs to improve pay-for-performance and management accountability,...
Saudi Aramco and the risk of inflation
There was no question that Saudi Aramco’s long-anticipated debut bond issue would be oversubscribed, but even the most seasoned market observer must have been slightly taken aback by the size of the order book for the deal. Bookrunners Citi, Goldman...
Yen Drifting as BoJ Inflation Matches Forecast
USD/JPY continues to trade quietly. In the North American session, the pair is trading at 111.92, down 0.02% on the day. On the release front, it’s a quiet start to the week. The sole U.S. event was Existing Home Sales....
FTSE Starts Week With Sharp Gains
The FTSE index hasn’t missed a beat in the Monday session, after posting gains on Friday. In the North American trade, the FTSE is trading at 7,528, up 0.92% on the day. It’s a light data session, with no British...
Brent Crude – Rallies on Iranian Waiver Expiry
Oil continues higher as sanctions waiver expiry nears Oil prices are creeping higher again on Tuesday, although they have lost a little of the spark that saw them steamroll through yet another key resistance area at the start of the...
Elliott Wave Analysis: USD/CHF and USD/CAD Intra-day Moves
Hello traders, USDCHF is trading in an impulsive rise within wave 3, but we see some important Fibo. cluster around 1.0220 area, so watch out for a potential drop and slow down into a wave 4 correction soon. – advertisement...
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