Choosing to keep the bank rate unchanged is not a passive choice It is a deliberate action in deciding to maintain interest rates as it is BOE does not want to lock itself in on interest rates, need to remain flexible Have stressed that we are ready to act if necessary The board has varied opinions on second-round effects…
West Texas Intermediate (WTI) crude Oil eases on Friday, trimming part of the strong gains registered earlier this week as renewed diplomatic efforts to end the US-Iran war lift market sentiment. At the time of writing, WTI is trading around $99, down over 3% on the day and pulling back from a seven-week high near $107.35 reached on Thursday….
Japan’s $35B intervention erased the FOMC-driven dollar rally last week. This week, NFP, the RBA’s live hike decision, and Hormuz escalation risk define every major trade.
Iranian state media reports that Iran has submitted its latest peace proposal to the US via Pakistani mediators. Oil prices fell on this headline and S&P 500 futures are now up 23 points to 7268. The virtually identical report was also picked up by Axios’ US war mouthpiece Barak Ravid who writes: Iran delivered on Thursday to the U.S….
Donald Trump, United States President, announced on Friday through Truth Social a new round of tariffs on the European Union (EU) for cars and trucks. I am pleased to announce that, because the European Union is not complying with our fully agreed-upon Trade Deal, next week I will be increasing tariffs on cars and trucks imported into the United…
The video above takes a detailed look of the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD from a technical perspective. On Wednesday, the Fed kept rates unchanged, but the decision revealed a notable divide beneath the surface. There were four dissenters in what was likely Powell’s final meeting as Chair. Hammack, Logan, and Kashkari pushed back…
The US Dollar Index (DXY) fell to a two-week low near the 98.00 price zone on Friday, extending the losses seen the previous day and ending a week in which the world’s most important central banks confirmed a hawkish shift due to rising inflation pressures. Next week, traders’ attention will remain focused on any development regarding potential negotiations between…
Minneapolis Fed President Neel Kashkari and Cleveland Fed President Beth Hammack were two of the three dissenters to the Fed statement in a rare move. They’re both out with their reasoning. Kashkari: Pre-Iran: easing inflation and steady jobs pointed to gradual cuts Iran shock adds stagflation risk via oil and supply disruption Hammack: uncertainty up, inflation risks skew higher,…
Dow Jones Industrial Average (DJIA) futures traded above 49,800 in overnight and pre-market action, building on a near 1,500-point rally from Thursday morning’s lows around 48,500 and pressing toward the 50,000 mark for the first time. S&P 500 futures held firmly above 7,200 after the cash index closed at a fresh record yesterday, locking in its strongest monthly performance…
Prior month 52.3 last month. Summary of the details from the report PMI (Headline): 54.5 (vs 52.3 prior) → strongest expansion since May 2022 New Orders: Strong increase (4-year high) Driven mainly by domestic demand Exports weak (down for 11 straight months; tariffs + geopolitics) Output (Production): Sharp rise (strongest since April 2022) Largely tied to inventory/stock building, not…
