Author: Admin
MON: BoC SCE (Apr), Chinese LPR (Apr), German PPI (Mar), Canadian Inflation (Mar), New Zealand NZIER Business Confidence (Q1), New Zealand Inflation (Q1) TUE: Eurogroup Foreign Affairs Council (Apr), UK Jobs (Feb), German/EZ ZEW Sentiment Index (Apr), US ADP Employment Change Weekly, US Retail Sales (Mar), US Pending Home Sales (Mar), Warsh Senate Hearing WED: CBRT Policy Announcement (Apr), Bank of Indonesia Policy Announcement (Apr), UK Inflation (Mar), South African Inflation (Mar), EZ Consumer Confidence (Apr) THU: South Korean GDP (Q1), Global Flash PMI (Apr), French Business Confidence (Apr), Mexican Inflation (Apr), Canadian PPI (Mar), US Jobless Claims (Apr/18) FRI:…
“He built our home over the last three years. We are both on the title and carry no mortgage.”
USD/CHF finishes the week on a lower note, down 0.87% for the week and 0.27% in the day, as markets turn optimistic about a possible US-Iran deal over the weekend. In the meantime, the technical picture remains bearish, as the pair tumbled below key moving averages, hitting a five-week low at 0.7775.USD/CHF Price Forecast: Technical outlookThe daily chart shows the pair ended the day below the 50-day Simple Moving Average (SMA) at 0.7825—the last of a group of four that included the 20-, 100-, and 200-day SMAs —, opening the door for further downside. The Relative Strength Index (RSI) is…
Urea fertilizer prices have climbed 47% since the end of February, according to the American Farm Bureau Federation.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that global markets are consolidating as investors watch whether the US-Iran ceasefire becomes a durable agreement. The bank sees the Dollar driven mainly by rate differentials in coming months, with DXY staying in its 96.00–100.00 range, while maintaining a structurally bearish Dollar view on US policy, fiscal and Federal Reserve credibility concerns.DXY seen confined to established range”Brent crude oil prices are holding under $100 a barrel, stock and bond markets are consolidating recent gains, while USD is trading on the defensive. The MSCI world stock index rose to a record high, long-term sovereign…
“We call them ‘King Tut’ subjects — they’re buried with their gold.”
Commerzbank’s Michael Pfister notes that G10 and Gelişen Piyasalar (EM) carry trades have delivered strong paper gains, helped by Iran-related market moves and high-yield currencies like the Brazilian Real and Mexican Peso. He stresses there is no empirical evidence of systematic long-term outperformance and warns that recent EM carry performance is heavily interest-income driven, with exchange rates still recovering from 2024 losses.War effects lift carry performance”Since the beginning of the year, however, these strategies have continued to deliver positive results on paper. A G10 strategy in particular has outperformed pure interest income. But this is not because the strategy itself…
Treasury Secretary Scott Bessent on Tuesday expressed confidence that inflation will moderate through the year, giving the Federal Reserve room to cut interest rates.Bessent added, though, that he understands if central bank policymakers take a cautious approach until impacts from the Iran war become clearer.”I am highly confident that the core inflation … which is quite under control and actually dropping in many categories, will continue to go down,” he told reporters at the Semafor World Economy Conference in Washington, D.C. “I believe rates should be cut,” he added, “but that if they want to wait for some clarity, I…
Australia’s Unemployment Rate steadied at 4.3% in March, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in line with the market consensus. Furthermore, the Australian Employment Change arrived at 17.9K in March from 48.9K in February, compared with the consensus forecast of 20K.The participation rate in Australia decreased to 66.8% in March from 66.9% in February. Meanwhile, Full-Time Employment increased by 52.5K in the same period from a fall of 30.5K in the previous reading. The Part-Time Employment decreased by 34.6K in March versus a rise of 79.4K prior.Market reaction to the Australia’s employment dataThe Australian Dollar…
Bank of America’s good quarter was helped by volatility and an easier regulatory environment.