Author: Admin
President Donald Trump will be on hand for this weekend’s festivities. So will dozens of media and companies throwing events that can cost $300,000.
Commerzbank highlights that BSP raised its policy rate by 25bp to 4.50%, signalling the start of a new tightening cycle to anchor inflation expectations. Despite a hawkish tone and higher inflation forecasts, the Peso underperforming regional peers since the Iran war as the Philippines remains highly exposed to Middle East energy prices.Rate hike fails to lift weak currency”The Bangko Sentral ng Pilipinas (BSP) raised the target reverse repo rate by 25bp to 4.50%. The market consensus was split 50-50 on a rate hike in a Bloomberg poll. It was BSP’s first rate hike since September 2023. The decision was aimed…
“Renting improves cash flow by about $1,300 a month.”
OCBC strategists Sim Moh Siong and Christopher Wong flag slight upside risks for USD/SGD as the Hormuz standoff weighs on risk appetite and imported cost pressures. While Singapore Dollar (SGD) remains a regional defensive currency, they note fading bearish momentum and rising RSI on USD/SGD, alongside expectations that Singapore inflation will accelerate toward 2% as energy-related costs from the Middle East conflict pass through supply chains.Defensive SGD faces inflation pressures”Slight upward risk. USD/SGD inched higher overnight tracking the broad USD rebound.””Pair was last at 1.2780 levels. Bearish momentum on daily chart faded while RSI rose.””Risks somewhat skewed to the upside…
President Donald Trump’s Department of Justice on Friday said that it’s backing down in a standoff over the leadership of the Federal Reserve, an announcement that is expected to pave the way for Trump’s nominee for Fed chair, Kevin Warsh, to take over for Jerome Powell when his term in that role ends on May 15.
The German IFO Institute Business Climate Index deteriorates at a faster-than-expected pace to 84.4 in April. The sentiment data was expected to arrive at 85.5, down from 86.3 in March, revised lower from 86.4.The IFO Current Assessment Index drops sharply to 85.4 against the 86.2 estimates and the previous reading of 86.7.Expectations Index comes lower at 83.3 against expectations of 85.0 and the prior release of 85.9, revised lower from 86.0.Market reactionA slight selling pressure is seen in the Euro (EUR) after the sentiment data release. As of writing, EUR/USD trades flat around 1.1685. Euro FAQs The Euro is the…
Marijuana stocks sold off Thursday, after acting U.S. Attorney General Todd Blanche signed an order rescheduling FDA-approved and state-licensed medical cannabis products as a less harmful substance — a move that led to celebration but also confusion among industry observers.
Rabobank’s Global Strategist Michael Every highlights how United States (US) economic statecraft is reinforcing the global role of the US Dollar (USD) through tools such as suspended Dollar shipments to Iraq and potential new swap lines for Gulf and Asian allies. He argues traditional FX benchmarks like EUR/USD, GBP/USD and USD/JPY are becoming less central in a resource- and production-driven global order.Dollar role reinforced by statecraft tools”The US has suspended dollar shipments to Iraq and frozen security cooperation programs with its military to try to force Baghdad to act against Iranian militias active in the country.””US Treasury Secretary Bessent claims…
The government-backed entities are embracing a rival type of credit score.
Tucked outside Birmingham’s city center lies one of the most important jewelry production hubs in the world: the Birmingham Jewellery Quarter. With a history spanning over 250 years, this iconic district has long been synonymous with craftsmanship, innovation and the enduring value of precious metals. Today, while much has changed in the global jewelry industry, the Jewellery Quarter remains a vital part of the supply chain, especially when it comes to gold. A Rich History of Craftsmanship The Birmingham Jewellery Quarter dates back to the 18th century, when skilled artisans began setting up workshops in the area. As the Industrial…