US Core PCE Expected to Jump; Can the Fed Turn a Blind Eye?
So far, the surge in US consumer prices has not rattled policymakers at the Fed but an expected jump in PCE inflation – a more closely watched gauge – could reawaken the hawks. The core PCE price index is out...
GBP/USD Outlook: Cable Drops on Weak Data, Strong Rise of EUR/GBP Cross
Cable lost traction on Tuesday and fell around 100 pips, deflated by downbeat CBI survey of the retail sector and strong rise of EURGBP cross. Fresh weakness moves focus to the lower boundary of the range in which the price...
RBNZ Unlikely to Announce Any Policy Shifts; Focus on Any Tapering Hints
The Reserve Bank of New Zealand will be the last central bank to announce its policy decision this month on Wednesday at 02:00 GMT, with a press conference following the rate statement. The Bank is expected to let the current...
Home prices in March saw highest growth in over 15 years, S&P Case-Shiller says
A real estate broker, right, gives a tour for potential home buyers during an open house in Manhattan Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Home prices in March were 13.2% higher in March, compared with March...
Euro Surges Broadly on German Business Sentiment, DAX Hits Record
Euro surges broadly today, while German DAX and Stoxx 600 hit new record highs. Strong German business climate reading gave sentiments a strong lift. For now the common currency is only out-performed by New Zealand Dollar, and followed by Swiss...
USDCAD Eyeballs Recently Reached 6-Year Bottom
USDCAD is consolidating between its freshly found footing at 1.2012, a multi-year bottom, and the high of 1.2144. Nonetheless, USDCAD remains predominantly bearish, with the falling simple moving averages (SMAs) weighing on price improvements. The Ichimoku lines are reflecting the...
Markets are so fixated on inflation they might miss the next big blowup, says BlackRock
Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss While investors have been preoccupied with rising prices, a flare-up in U.S.-China tensions could catch investors by surprise, BlackRock...
Aussie Mixed Despite Strong Export Data, Dollar Heading South
The forex markets are staying in mixed consolidative mode in Asian session. Australian Dollar trades mildly higher following strong, record making, export data. But that’s offset by Melbourne’s return to pandemic restriction, on masks and gatherings. Dollar turns weaker as...
Asian Open: A Good Start To The Week On Wall Street, EUR/JPY Set To Rally?
Lower treasury yields helped buoy Wall Street overnight, with the Nasdaq 100 leading the rally with a 1.5% gain.Lower treasury yields helped buoy Wall Street overnight, with the Nasdaq 100 leading the rally with a 1.5% gain. Asian Futures: Australia’s...
Fed’s Lael Brainard pushes digital dollar as central bank currency race heats up
US Federal Reserve Governor Lael Brainard attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images Federal Reserve Governor Lael Brainard pressed the case for a...
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