Weekly Economic & Financial Commentary: Balanced Risks Drive the FOMC Closer to a September Rate Cut

CADJPY reversed from resistance level 110.30 Likely to fall to support level 109.00 CADJPY currency pair recently reversed down from the key resistance level 110.30, which has been reversing the pair from the middle of November. The resistance level 110.30 reversed the pair multiple times from last month. Given the strength of the resistance level […]

Markets “Overall borrowing between 2024-25 and 2028-29 is higher than the March forecast by £142.2 billion, an average of £28.4 billion a year. This represents one of the largest fiscal loosenings of any fiscal event in recent decades.” It’s the UK Office for Budget Responsibility’s summary of Chancellor Reeves autumn Budget yesterday. UK gilts initially […]

Key insights from the week that was. Beginning in Australia, the RBA March Minutes revealed important developments in the considerations for, and operational framework around, monetary policy. On the former, it appears the RBA Board did not discuss the case for a rate hike in March, focusing solely on the case to remain on hold. […]