TAG: Dollar (USD)
Central banks preview: Fed, ECB and BoE on the radar this week
It’s a busy week ahead for the central bank calendar, with 5 major central banks set to report on their monetary policy. The two-day showdown will be kicked off by the Federal Reserve (Fed) on Wednesday, followed by the European Central Bank (ECB), Bank o...
7 months ago
UK CPI drops to a two-year low, pushing the FTSE 100 to a seven-month high
The FTSE 100 surged in early trading on Wednesday as the latest inflation figures showed consumer prices had risen less than expected in the last 12 months. Headline CPI came in at 3.9% year-over-year in November, the lowest level in two years. Analysts h...
7 months ago
A weaker Dollar drives gold higher
Gold prices have returned above $US2000 per ounce. We run through the factors driving gold and the commodity’s key technicals.Lower yields support gold, but correlation weakensA reversal in real yields has removed a headwind to gold prices. However, the c...
7 months ago
RBNZ Preview: OCR expected to remain unchanged as central bank focuses on inflation
The Reserve Bank of New Zealand meets on Wednesday, July 10, 2024. We preview what to expect from the meeting and its possible impact on the NZD/USD.RBNZ likely to keep policy unchanged as inflation fight continuesThe markets expect the Reserve Bank of Ne...
2 months ago
Bank of Japan Preview: Markets look for guidance from BOJ about timing of next hike
The Bank of Japan meets on Friday, 14th of June, 2024. We preview what to expect from the BOJ decision and how it might impact the USD/JPY and Nikkei 225.Will the BOJ set the stage for a July hike?Swaps markets suggest that the Bank of Japan will keep pol...
2 months ago
AUD/USD analysis: Focus turns to GDP data after unexpected CPI rise
Higher-than-expected monthly CPI data watered down expectations for RBA interest rate cuts in 2024; the markets will now shift attention to quarterly GDP data on Wednesday, June 5.Monthly CPI indicator signals sticky inflationAustralia’s monthly CPI indic...
2 months ago
PCE Index Preview: Forecasts point to no change in headline or core inflation from a month earlier
The markets continue to look for signals of disinflation in the United States. The latest PCE Index data, the US Federal Reserve’s preferred inflation gauge, is released on May 31, 2024.Headline and core PCE deflator tipped to remain steadyFollowing signs...
2 months ago