AUD Rises as Aussie Inflation Exceeds Expectations, Erasing Rate Cut Hopes
Australian inflation dropped at a slower pace than anticipated, wiping out any lingering indication of rate cuts this year. Improved risk sentiment supports AUD
Australian inflation dropped at a slower pace than anticipated, wiping out any lingering indication of rate cuts this year. Improved risk sentiment supports AUD
With the Yen at multi-decade lows, and commentary out of Tokyo suggesting enough is nearly enough, this is not a market to look away from now.
Financial markets remain risk-on as positive sentiment continues to push prices higher.
The dollar slipped in early US turnover as the latest S&P PMIs miss forecasts and last month’s numbers. Growth and inflation data and US Treasury auctions now on the horizon.
Microsoft Corporation (Nasdaq: MSFT) is scheduled to release its fiscal Q3 2024 earnings on April 25, 2024, after the market closes. What to expect and watch for?
EUR/USD received a much needed reprieve from USD dominance after flash PMI data for April highlighted potential concerns for the US. EUR/GBP surrenders recent gains
Sterling scored a little bounce against the Dollar, but monetary policy expectations will continue to make durable gains tough
The precious metal has lost around 5% of its value since last Friday as risk assets benefit from the current pause in the Israel-Iran conflict
Massive yen shorts raises the risk of a sharp USD/JPY reversal should authorities intervene in the FX market to strengthen the yen. US PCE a potential catalyst?
Risk sentiment has improved at the start of the week, seeing notable moves across typically risk sensitive assets in a week when US data and tech earnings take center stage