US PCE Data Beats Expectations – Price Pressures Delay Rate Cut Plans
Year-on year US PCE data followed on from yesterday’s quarterly surprises to give the FOMC something to think about when they meet next week to set interest rates
FTSE 100 hits yet another record high while DAX 40 and S&P 500 resume their ascents
Outlook on FTSE 100, DAX 40 and S&P 500 amid strong US earnings.
Japanese Yen Slumps to Fresh Multi-Decade Lows, USD/JPY Eyes US PCE Report
The Japanese Yen continued to fall to new multi-decade lows against a range of currencies after the BoJ left monetary policy unchanged. Weaker-than-expected Tokyo inflation the driver of the latest…
Australian Dollar Outlook – AUD/USD and AUD/JPY Technical and Sentiment Analysis
The Australian dollar is picking back up against the US dollar and continues to plough ahead against the Yen, for now at least
Gold, Silver Price Outlook: Precious Metals Seek Directional Cue
Gold and silver have pulled back from their respective highs, looking for the next catalyst. With risk sentiment improving, precious metals may find support from a softer USD
Crude Oil Prices Retrace Some Losses Despite US Demand Doubts
US crude inventories fell, but much of this was down to oil exports rather than strong local demand.
US Q1 GDP Misses Forecasts, PCE Beats Estimates, US Dollar Moves Higher
The US economy expanded by 1.6% q/q in the first three months of the year, missing estimates of 2.5% and down from 3.4% in Q4 2023. US dollar firms after…
Risk Rally Supports FX Correction Ahead of US GDP, PCE Data
G7 currencies have been afforded a moment to recover from recent losses against the dollar but high impact US data could put an end to that. FX intervention watch continues…
Yield Curve Inversion and its Economic Implications
Yield curve inversion has historically been associated with economic slowdowns and recessions in the US.
Nasdaq 100 and S&P 500 Drop Back as Hang Seng Continues to Rally
US indices are struggling in the wake of Meta’s earnings last night, but the Hang Seng is showing fresh strength.