Day: March 31, 2022
US Core PCE Continues to Rise; Puts More Pressure on Fed
It’s not a secret that inflation has been high in the US. US CPI and Core CPI has been on the rise for months. Today, the US released what is considered to be the Fed’s favorite measure of inflation for February, Core PCE (Price Consumption Expenditure) Price Index. The print was 5.4% YoY vs 5.2% …
US Core PCE Continues to Rise; Puts More Pressure on FedRead More
Healthy Jobs and Income US Data Helps USD, But Not S&P500
American households increased spending by 0.2% in February, compared with a 0.5% rise in income. But this data only looks optimistic at first glance. Americans saved 6.3% of disposable income compared to 6.1% in January. In other words, we are seeing a stabilisation at levels that last occurred 12 years ago. The decline in the …
Healthy Jobs and Income US Data Helps USD, But Not S&P500Read More
AUDJPY Retreats from 6½-Year High; Upside Risks Linger
AUDJPY’s latest pullback from the fresh multi-year peak is resting on the red Tenkan-sen line around the 91.00 price level, which is the 23.6% Fibonacci retracement of the up leg from 80.35 until the more than 6½-year high of 94.30. The positive incline in the slopes of the simple moving averages (SMAs) have yet to …
AUDJPY Retreats from 6½-Year High; Upside Risks LingerRead More
As the pandemic enters its 3rd year, more Chinese people say they’d rather save than spend
While mainland China faced its worst wave of Covid-19 since the initial shock of the pandemic, a central bank survey found more Chinese wanted to save money than spend or invest it. Costfoto | Future Publishing | Getty Images BEIJING — Chinese consumers are becoming more cautious than they were near the start of the …
As the pandemic enters its 3rd year, more Chinese people say they’d rather save than spendRead More
Will an Inverted Yield Curve Spell Impending Doom?
Much has been made of the fact we’ve seen 10yr US Treasury yields trade at a discount to 2yr yields. What’s commonly known as curve ‘inversion’? I’m not sure this is going surprise too many as most bond traders had been calling for this to play out for weeks, and the question is whether this …
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Finance news
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