USD/JPY Drifts Higher, Will the BoJ Announce Bond Tapering at Friday’s Policy Meeting?
As the US dollar continues to strengthen against the Japanese Yen, all eyes are now on the Bank of Japan’s monetary policy meeting on Friday.
UK Sheds Jobs but Pay Grows to 5.9% – Complicating BoE Rate Outlook
UK job losses accelerated in May by over 50,000 – the most since February 2021 while pay growth rose. The Bank of England meets next week to set interest rates
FOMC Preview: Dot Plot to Reveal Fewer Rate Cuts in 2024
Stubborn inflation and a robust labour market are likely to add to concerns FOMC members are having around cutting interest rates prematurely. Even growth is on track for a recovery
Gold and Silver Struggling to Push Higher, UST 2Yr Yields Remain Elevated
Gold and silver are trying to recover some of last Friday’s post-NFP heavy losses but further gains may be limited ahead of the latest look at US inflation and the…
FTSE 100, DAX 40 and CAC 40 drop on European elections shift to the right and French snap election
Outlook on FTSE 100, DAX 40 and CAC 40 following European election results which saw a significant shift to the right.
Sterling Outlook: UK Jobs, Growth Data Considered in a Busy US-Focused Week
The UK job market has eased, unlike what we’ve seen in the US after last week’s NFP surprise. UK growth remains constrained but that has not impeded sterling gains
Euro, CAC 40 Sink on French Snap Election Call; EUR/USD and EUR/GBP Latest
French President Emmanuel Macron called a snap election after his party suffered a heavy defeat to the far-right National Party at this weekend’s European elections.
Markets Week Ahead: Fed, BoJ Rate Decisions, Nasdaq, Gold, Bitcoin
A week packed with high impact economic data and events, led by the latest monetary policy decisions by the Federal Reserve and the Bank of Japan.
Will the Massive NFP Surprise Influence Fed Thinking ahead of FOMC?
The massive surprise in US job growth lent a strong hand to the downtrodden dollar ahead of US CPI for May and the FOMC meeting in the week to come.
AUD, CAD Technical Update: NFP Data Provides Plenty of Volatility
The NFP report on Friday caused a sizeable amount of volatility as the data caught the forecasters off guard, coming in significantly stronger than anticipated as did wage growth