Record Trade Deficits, Markets on Edge, Crude Higher, Gold Steady Despite Strong Dollar
Investors are a little unsure on how to navigate the next couple of quarters of roaring US growth that is unlikely to be reciprocated by the rest of the world. Today’s massive record setting trade deficit will likely only get...
USDTRY: Negative Fundamentals Keep Turkish Lira on Course for Further Fall
The Turkish lira maintains overall weak tone and holding within multi-week consolidation, not far from new all-time low, posted in November last year. Rising inflation and central bank’s inability to adopt conventional measures to tackle the problem, as governors of...
Dollar and Yen Extending Consolidations, Trading Mildly Higher
Dollar and Yen rebound notably today as consolidative trading continues, with help from mixed sentiments. European indices are mixed while US futures point to lower open. Major global trading yields are trading lower, with US 10-year yield below 1.6 handle....
EURJPY Hovers Below 31-Month High
EURJPY is strongly positive as it reached a fresh 31-month peak at 132.40 on April 29. The MACD is standing beyond the trigger and zero lines, though, the RSI is losing ground above the 50 level. The short-term simple moving...
European Open: RBA Hold, Gold Bulls Eye Break Of 1800
The RBA held interest rates at 0.1% and announced they will discuss whether to retail their 3-yr bond target. And gold appears poised to break above 1800 as bulls square up to this milestone level once more. Asian Indices: Australia’s...
RBA Keeps Policy Intact but Signals Amendments in July
The RBA left all monetary policy measures unchanged in May and reiterated that a rate hike would “unlikely to be until 2024 at the earliest”. However, the central bank upgraded economic projections and signaled that some amendments would be made...
Australian Dollar Steady after RBA, Dollar Firmer in Consolidations
The forex markets are staying in consolidative mode this week so far. Aussie is steady in tight range after RBA stood pat as widely expected, even though GDP forecast was upgraded. Dollar is recovering again as the retreat overnight didn’t...
Stock futures are flat after a solid start to May
Stock futures held steady in overnight trading on Monday after a strong start to May as investors piled into shares that would benefit the most from an economic reopening. Futures on the Dow Jones Industrial Average were little changed. S&P...
Fed’s Barkin sees higher inflation this year, but then a reversal in 2022
Richmond Federal Reserve President Thomas Barkin told CNBC on Monday that he sees inflation pressures building this year that he expects to subside in 2022. “I think we will see price pressure this year. You’ve got a very strong demand...
Warren Buffett says Berkshire Hathaway is seeing ‘very substantial inflation’ and raising prices
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Warren Buffett is seeing inflation among Berkshire Hathaway’s collection of businesses as the economic recovery from the Covid pandemic kicks into high...
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