Kiwi Jumps As RBNZ Flags Stimulus Exit, ECB Hints Not There Yet, Euro Slips
RBNZ signals 2022 rate hike, kiwi surges, but ECB plays down taper talk, knocking euro US yields edge up from lows after Fed’s Clarida suggests taper debate could begin soon ‘Talking about talking about” tapering doesn’t faze gold as price...
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...
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...
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...
Euro Rises, German Business Confidence Next
The euro has started the week in positive territory. In the North American session, EUR/USD is trading at 1.2220, up 0.32%. Monday is a national holiday across much of Europe, and there are no economic releases out of the eurozone....
Asia Trades Mixed After Similar US Session On Friday
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Weekly Economic & Financial Commentary: Is Fed “Tapering” Imminent?
Summary United States: Housing Begins to Bump Up Against Supply Constraints Housing starts fell 9.5% in April, as material shortages weighed on activity. The NAHB/Wells Fargo Housing Market Index held steady at 83 in May, indicating continued strength in residential...
The Weekly Bottom Line: Ready or Not, Here Come Vaccine Passports
U.S. Highlights Global equity markets gained ground at week’s end as the latest purchasing manager indices showed improved optimism for both services and manufacturing. Supply constraints are an issue across much of the economy, and housing is no exception. The...
Week Ahead: Search for Next Catalyst as Month-End Approaches
There is no assumed or outstanding catalyst which markets are focused on to drive price. Let’s face it: Although last week brought some nice 2-way volatility, this week the markets will be searching for the next catalyst. The two big...
Week Ahead – Markets Entering Choppy Waters
Wall Street seems to be finally agreeing with the Fed that inflation will be transitory. Despite all the robustness with US manufacturing and service sectors, financial markets will remain in wait-and-see mode over how high pricing pressures get and if...
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