Canada’s inflation eases below expectations in February and fuels bets for rate cut in June
Canada's inflation rate eased below expectations in February, and closely watched core inflation, stripped for the most volatile components, eased to the lowest in more than two year lows, boosting bets for a June rate cut.
Annual…
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German economic sentiment improved well above expectations in March – ZEW
German investor morale improved much more than expected in March, fueled by fresh signals that the ECB may start cutting interest rates soon and better than expected recent economic data from China.
ZEW economic institute report showed a…
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Yen loses ground on signs of extended Fed/BOJ rate gap
USDJPY was sharply higher (up almost 1%) after BOJ’s major shift, though the message from the central bank was seen as dovish on signals that future policy tightening will be moderate, which will keep the big rate gap between the Fed and…
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Bank of Japan raises interest rates for the first time in 17 years
After eight years of negative interest rates, the BOJ has decided to shift away from this policy. This signifies a departure from its previous focus on stimulating growth through massive monetary stimulus.
Although this move represents…
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USDJPY stands at the front foot ahead of BoJ / Fed policy meetings
USDJPY has so far retraced over 50% of the recent 150.88/146.48 drop, in steep recovery that extends into fifth straight day.
Fresh strength emerged from profit-taking after the pair was sharply down on growing speculations that the BoJ…
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EURUSD is taking a breather after strong fall on Thursday
The Euro is consolidating after almost 0.6% drop on Thursday (the biggest one-day loss since Feb 13).
Stronger than expected US PPI data added to hawkish rate outlook following last week’s hot inflation report and lifted the dollar.…
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Oil prices continue to rise on brighter demand outlook
WTI oil price rose further on Thursday, extending gains above psychological $80 barrier and looking for the first daily close above this level since Nov 6.
Near-term bullish sentiment improved after the latest International Energy…
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GBPUSD remains constructive ahead of US data
Cable is probing above 1.2800 mark in early Thursday, adding to initial signals that shallow correction from new 8-month high (1.2893) might be over.
Two-day pullback was contained by rising 10DMA, with strong downside rejection on…
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Gold regains traction after a shallow pullback as June rate cut expectations remain in play
Gold price rose on Wednesday, reversing a part of Tuesday’s 1.1% drop, sparked by hotter than expected US inflation data, which temporarily cooled expectations for rate cut in June.
Fresh gains suggest that markets believe, after…
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AUDUSD starts to regain traction after a shallow pullback
AUDUSD is holding within a narrow range around 0.6600 handle on Wednesday, after the pullback in past three days started to run out of steam.
Tuesday’s long-legged Doji signaled indecision and hinting that corrective phase might be close…
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