Earlier on the Reserve Bank of Australia:ANZ have bumped their end-rate higher:We no longer see 4.1% as sufficient to bring inflation back to the target in a reasonable time. We see August most likely for a move.The next Reserve Bank of Australia meeting is on June...
US Senate Majority Leader Schumer says on track to pass debt limit bill tonight
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Two outliers are forecasting another 75bp of rate hikes from the RBA, cash rate to 4.6%
Bloomberg (article is gated) cite two economists looking for continued aggressive cash rate hikes form the Reserve Bank of Australia. Credit Suisse equity and macro strategist Yaying Dong sees the Reserve Bank’s cash rate at 4.6% by Septembersays as services inflation...
ECB minutes recap – many Eurozone central bank governors wanted a larger rate hike
The European Central Bank May meeting minutes were published on Thursday. Justin had the news posted here:You'll recall that the result of that meeting was a 25bp rate hike.Reuters have popped up a recap of the minutes and its an interesting read. As for dissent, says...
New Zealand Q1 2023 Terms of Trade data -1.5% q/q. Export and import prices both down q/q
New Zealand Export prices -6.9% q/qexpected -2.2%, prior -0.6%Import prices -5.4% q/qexpected -0.8% prior -2.1%Putting those two together shows the terms of trade down 1.5% q/qexpected flat at 0.0%, prior -6.3%---In brief:Terms of trade refer to the ratio between the...
June Fed hike? The data-dependent Federal Open Market Committee (FOMC) is awaiting the NFP
The jobs report from the US is due at 1230 GMT / 0830 US Eastern time. Previews:Analysts at Bank of Montreal note that the report is important for the June (13 - 14) FOMC meeting:As newly nominated Vice-Chair Jefferson voiced his support for patience, but said a pause...
Non-farm payrill preview – Morgan Stanley looking for +170K, 3.4% jobless rate
The US non-farm payroll jobs report is due on Friday, 2 June 2023 at 8.0am US Eastern time (1230 GMT).Earlier:The consensus:Morgan Stanley are looking for a below consensus headline:We expect total nonfarm payrolls increased by 170k in Mayan uptick in participation...
ICYMI: Bullard said rates “at the low end of what is arguably sufficiently restrictive”
St. Louis Federal Reserve branch President James Bullard wrote an essay. It was published on Thursday.The Wall Street Journal have a (gated) piece with a summary. Bullard wrote that:the monetary-policy landscape is in "much better shape today" with the federal funds...
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https://www.youtube.com/watch?v=jTkMXBO_L3o 여러분 안녕하세요.^^ 오늘은 일상생활에서 알아두면 유용한 내용 또는 놓치면 아까운 제도 딱 4가지만 골라서 소개해 드립니다! #6월 #대출 #정부지원 MoneyMaker FX EA Trading...
Forexlive Americas FX news wrap 1 Jun: USD moves lower on lower inflation/Fed skip
The USD fell sharply today (the greenback is ending the day as the weakest of the major currencies) as the Fed "skip in June" tilt was further priced in despite the fact that ADP and initial jobless claims remained fairly strong (initial jobless claims came in at 232K...
ICYMI: BoA CEO says the FOMC has done enough tightening, its ‘won the battle’ on inflation
Comments from Bank of America CEO Moynihan on Thursday (US time), was speaking at a conference.Says the Fed has tightening monetary policy enough, its 'won the battle' on inflation :US consumer spending is slowinggrowth in lending will be slower this quarter hiring is...
US equities kick off June with big gains
It was a great start to the month for North American equity markets:S&P 500 +40 points, or 0.96%, to 4230Nasdaq Comp +1.3%DJIA +0.5%Russell 2000 +1.1%Toronto TSX Comp +0.5%For all the talk of recession, the S&P 500 is a wink away from the best levels since...
Economic calendar in Asia Friday, 2 June 2023. A light one, counting down to the NFP.
Nothing on the data agenda here today is likely to move forex rats too much upon release. Traders in the timezone will be awaiting the non-farm payroll data from the US later on Friday: This snapshot from the ForexLive economic data calendar, access it here. The times...
Trade ideas thread – Friday, 2 June 2023
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
By the numbers: May non-farm payrolls preview — 14 in a row?
nonfarm payrolls and the consensus estimateConsensus estimate +190K (range +100K to +293K)Private +165KFebruary +311KMarch +236KApril +190KUnemployment rate consensus estimate: 3.5% vs 3.4% priorParticipation rate prior 62.6% Prior underemployment U6 6.6%Avg hourly...
WTI crude all future settle at $70.10
The price of WTI crude futures are settling at $70.10. That's up to dollars $0.01 or 2.95%. The high price reached $71.05. The low price was a $67.54.Today the inventory data showed:Crude oil build of 4.488 million versus an expected drawdown of -1.336 millionGasoline...
Dell announces earnings early. EPS $1.31 versus $0.85 expected
Dell was expected to announce their earnings after the close. However the stock has been halted and the earnings have been released early. EPS came in at $1.31 versus $0.85 expectedRevenues were at $20.9 billion versus $20.1 billion expectedDell shares were trading at...
Student debt relief is the next big political drama in the US
The debt ceiling drama is winding down but US politics won't stay out of financial markets for long.Today, the US Senate voted on legislation to block the President's student debt relief program. The vote was 52-46 with moderate senators Joe Manchin of West Virginia...
Bitcoin buyers are holding more control. What would change that technical view?
Looking at the daily chart of bitcoin , the price moved lower yesterday and tested its rising 100-day moving average. Support buyers came in against that level. Today the price was able to move below the 100-day moving average but found support buyers near the 38.2%...
Citi predicts +200k for May NFP, maintains its call for Fed hikes in June and July
US non-farm payrollsThe upcoming May employment report, to be released tomorrow, will be one of the final data releases that will influence market expectations for another potential rate hike on June 14, according to Citi. As the Federal Reserve enters a blackout...