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Markets Fed Chair Powell yesterday rubberstamped a delay of the inaugural Fed rate cut as inflation doesn’t provide the confidence needed to ease policy anytime soon. Yields yesterday still gained a few bps, but today markets came to a short term evaluation point. US yields change between -5 bps (5 & 10-y) and -3 bps […]

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22/06/2024

The Weekly Bottom Line: A Grand Slam of Economic Data

U.S. Highlights U.S. retail sales grew marginally in May, however the downward revision in April points to waning momentum among U.S. consumers. Housing starts and building permits both declined in May as higher interest rates weigh on builder confidence. U.S. existing home sales dipped for a third consecutive month as record home prices stretch buyers’ […]
30/05/2024

AUD/USD Signals Fresh Decline, Are Bears Back?

Key Highlights AUD/USD started a fresh decline from the 0.6680 resistance. It traded below a key contracting triangle with support at 0.6660 on the 4-hour chart. NZD/USD started a downside correction after a strong increase to 0.6160. The US GDP could grow 1.3% in Q1 2024 (Preliminary), down from 1.6%. AUD/USD Technical Analysis The Aussie […]
17/09/2024

Could BoE Surprise With a Rate Cut on Thursday?

BoE meeting concludes on Thursday, the day after the Fed Economists assign an almost zero chance of a rate cut Wednesday’s CPI and the Fed rate cut could lead to a surprise BoE move Pound to benefit from an uneventful meeting BoE will announce its rate decision on Thursday The Bank of England is joining […]