Yesterday, was certainly the only “lively” day of the week in terms of data releases. Today, we have another boring day. The only notable releases are the German IFO and the US Durable Goods Orders data. Both of them will likely be ignored since they won’t change anything for the central banks or the markets. … Read more
The coincident index is seen keeping steady at 116.0, unchanged from April. The assessment of the index is also unchanged, seen as “halting to fall”. Here’s the trend of the coincident index over the past few years: Head on over to investingLive (formerly ForexLive) to get in on the know! This article was written by … Read more
It looks like we’ll be seeing the majority of analysts having to change their calls on the ECB outlook in the week(s) ahead. The meeting decision yesterday was expected but it was this leaked report that is causing traders to reprice expectations a fair bit more. Most quarters of the market were expecting the ECB … Read more
Trump inspected the Federal Reserve construction site to pressure the central bank for lower interest rates. In front of media: Powell fact-checked Trump’s claim that the $2.5 billion price tag had swelled to $3.1 billion Trump pulled a piece of paper from his suit jacket, handing it to Powell Powell replied “You just added in … Read more
Thailand has evacuated more than 100,000 residents from areas near its border with Cambodia, as the two countries engage in their most intense military conflict in over a decade. The Thai Interior Ministry confirmed on Friday that 100,672 people have been relocated to emergency shelters. The ongoing clashes have also led to a rising human … Read more
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, … Read more
Trump: “After many years Australia has agreed to accept American Beef! For a long time, and even though we are great friends, they actually banned our Beef. Now, we are going to sell so much to Australia” This news was out, here in Australia at least, earlier this week. Trump announcing it now on his … Read more
Uncertainty over the future of Federal Reserve leadership is putting pressure on the U.S. dollar, according to a note from Bank of America. The bank says concerns around the Fed’s direction have “arguably impacted the USD more than other assets so far,” preventing the currency from sustaining a rally. With speculation mounting over whether Chair … Read more
“Azoria Capital” has filed a lawsuit against Federal Reserve Chair Jerome Powell and other central bank officials, alleging the Fed is violating a 1976 law by holding monetary policy meetings in private. The firm is asking a Washington, D.C., court to issue an emergency order requiring the Federal Open Market Committee (FOMC) to open its … Read more
If you watch live you’ll have seen Trump doing what he does well, handling the media. Powell didn’t look so comfortable. Still, things ya got do when the boss visits! Trump comments ranged over numerous topics. Of course there were the inevitable calls for lower interest rates. Also: not necessary to fire Powell I thought … Read more
