New Zealand Steadies After Slide
The New Zealand dollar is flat in Thursday trade. In the European session, NZD/USD is trading at 0.7157, up 0.02% on the day. New Zealand dollar plunges on inflation fears It was Black Wednesday for the New Zealand dollar, which...
Gold to Sparkle for Now, But Mind the Fed Endgame
Gold prices have staged a mighty recovery in recent weeks. The stars seem to have aligned for the yellow metal, with the Fed set to keep its foot heavy on the liquidity gas even as inflation accelerates over the summer....
Banxico Preview: Higher Inflation, But Can They Leave Rates Unchanged?
As mentioned in the Week Ahead, it’s a slow week for Central Bank meetings. However, the Bank of Mexico (Banxico) meets on Thursday to discuss interest rate policy. Banixco has been lowering rates since before the pandemic began. When the...
China and US CPI and PPI: Is it Transitory?
China released both CPI and PPI data earlier and the results point to worries that inflation may pick up faster than expected. China’s YoY CPI print was 0.9% vs 0.4% in March. This is the highest reading since September 2020. ...
GBP Bid On UK Covid Alert Level Drop And Ahead Of BOE’s Baily
The UK lowered the Alert Level for the coronavirus to Level 3 from Level 4. This means that “the epidemic is in general circulation”. The level 4 alert included “transmission is higher or rising exponentially”. Now that the level dropped,...
Pound Clears $1.41, Shrugs off Scottish Referendum Threat, Eyes UK GDP
UK Prime Minister Boris Johnson has tightened his grip in England but calls for a new Scottish independence referendum have grown louder following last week’s regional and local elections across Britain. The pound is nevertheless rejoicing as the Scottish National...
Today, The Market Is Not Expected To Be Very Active, So Traders Are Better Off Focusing On Intraday Trading
Last week, investors were watching the changes in the U.S. Non-Farm payrolls. The report was much worse than expected, with the unemployment rate rising. But that did not stop the S&P 500 and Dow Jones indices from making new all-time...
Weekly Economic & Financial Commentary: Growing Pains: Extended Lead Times, Supply Chain Constraints, Difficulty Finding Labor
Summary United States: Growing Pains: Extended Lead Times, Supply Chain Constraints, Difficulty Finding Labor The unmistakable message delivered in this week’s data is that the U.S. economy could be growing even faster were it not for limited access to essential...
The Weekly Bottom Line: How Far is the U.S. Labor Market from Home?
U.S. Highlights Job growth slowed in April, with just 266k jobs created in the month. With a growing labor force, the unemployment rate edged up to 6.1% from 6.0% in March. ISM manufacturing and services indexes also pointed to slower...
Week Ahead: Coronavirus and Inflation Will Take Center Stage as Jobs Numbers are Pondered
Traders will be watching CPI and PPI from both China and the US Unless there is a prominent central bank interest rate decision, the second week of a month tends to slow down in terms of economic data. That is...
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