The week began with a broad greenback retreat, but with varying intensity, from weak to moderate. Industrial output and retail sales in China slowed less than expected, dampening risk aversion...
Kishida Stimulus Plan In Focus Following Japan GDP Miss
GDP Falls AgainThe latest set of economic data out of Japan overnight has put renewed focus on expectations that new PM Fumio Kishida will unveil a sweeping new stimulus plan. One of Kishida’s main...
Precious Metals Monday 15-11-2021
GoldThe safe haven asset has started the week on a somewhat softer footing with net sales kicking in at the European open. However, price remains firmly higher on the month following the breakout...
Key Economic Events and Reports of the Upcoming Week
On Monday, November 15, important data will be released on two Asian economies - Japan and China. These are data on GDP and industrial production. Market participants will assess the impact of...
Markets Don’t Believe in the ECB’s “Cooling Inflation” Story
Eurozone inflation expectations may continue to run hotter than the 2% target of the ECB next year, a Reuters survey of economists showed. At the same time, experts revised their forecasts for...
GBP, EUR may Soon Find Support Thanks to Strong Technical Levels
Much of the fall in EURUSD this week was due to the widening of the rate differential between short-term EU and US bonds. Following the CPI release on Wednesday, the yield gap rose 4 bps. and then...
US Inflation Beat Upsets Markets
USD Surges HigherWednesday’s US inflation data has effectively thrown a spanner into the works for FX markets. Ahead of the release, the US Dollar had ben relatively subdued. The Fed’s tapering...
FOMO Friday: Dollar In The Driving Seat
Pound Gets Pummelled Another week comes to an end in markets and we’re inching our way closer and close to the end of the year. Bonfire night might have been last week but that doesn’t mean there...
US Inflation may Rise Further in December
Inflation in the US again exceeded expectations, this time by a wide margin. Headline and core inflation rose to the highest levels in the past 30 years. Significant short-term momentum, as well as...
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