In the United States, traders are awaiting insights from Federal Reserve policymakers, particularly Chief Jerome Powell, scheduled to speak on Friday. Fed members Bostic and Cook will also appear on Monday.
Economic data in Europe will be limited this week due to the Easter break, with major bourses closed for Good Friday and Easter Monday. Perhaps the only...
The US Federal Reserve has kept interest rates steady at 5.25%-5.50% while continuing its balance sheet reduction as planned since May 2023.
In contrast, the Bank of Mexico (Banxico) might announce a rate cut tomorrow.
It's anticipated that Banxico could decrease its interest rate from 11.25% to 11%, potentially applying pressure on the Mexican peso. This...
Gold volatility is slowing, and tension building as the Fed announcement gets closer.
Despite the historic announcement from the Bank of Japan's to end its negative interest rates policy and the Reserve Bank of Australia maintaining steady rates, gold has remained relatively stable.
However, with gold being priced in US dollars, all eyes are on the Federal...
Market Surprise? June Rate Cut Might Be Delayed
After today’s BOJ and RBA interest rate decisions, eyes will turn to the Fed’s decision on Wednesday.
Although the US central bank is expected to keep rates unchanged, it could change its outlook due to the upside surprise in the latest CPI and PPI reports.
For now, the first cut is still seen happening in...
There is possibly no bigger trading event this week than the Bank of Japan’s decision on Monday.
The groundwork for abandoning negative interest rates has been subtly laid since last year, and now, this could very well be the month they choose to make their move.
The prospect of ending a policy entrenched for nearly two decades could significantly move the...
Next week's Federal Reserve interest rate decision possibly just got a lot more interesting.
Last night we got PPI data. In February, the producer price index, a key gauge of wholesale inflation, surged by 0.6%, surpassing expectations by more than double.
The big question now is whether traders will reassess their expectations for the timing of a Fed rate...
Is the AUD/JPY the trade to make at the beginning of the coming week?
Both the BoJ and the RBA are delivering their latest interest rate decisions on Monday morning, 30 minutes from each other.
The Bank of Japan is up first, at 11:00 pm on Monday (US time UTC –4). The Reserve Bank of Australia follow at 11:30 pm.
What's expected from each bank?
According...
Nvidia’s stock price surge has triggered discussions of a potential "bubble" in AI stocks.
Cathie Wood, CEO of Ark Invest, has recently expressed her concern and reduced Ark's exposure to Nvidia, citing the possibility of overly optimistic expectations, prompting her to sell a modest $4.5 million worth of Nvidia shares. So perhaps she is not overly concerned...
Gold inched higher on Monday, hovering near its all-time high after a remarkable rally last week. Now traders brace for U.S. inflation data that could offer insights into the Federal Reserve's stance on interest rates, and the direction for gold.
Spot gold is currently trading around $2,181.47 per ounce, following a record peak of $2,194.99 on Friday, propelled...
Gold: Risks after hitting all-time high?
Gold prices have been on the rise for the last six sessions, gradually approaching the December high of $2149.00. This recent uptick followed Federal Reserve Chair Jerome Powell's reaffirmation that he thinks it would be sensible to consider reducing the Fed funds rate at some point this year, with the condition that...
Bitcoin Peaks, Then Plummets + AI Tokens Await NVIDIA Conference
Bitcoin has just hit a new all-time high, surpassing the previous record set in November 2021 by a couple hundred dollars on some exchanges (about $69,300). This could have been a ‘just for the hell of it’ accomplishment, because immediately after, selling pressure took it down ~6%, below $63,000....
Undervalued Dollar? Democrats' Influence on Powell's Rate Cut Plans
Federal Reserve Chair Jerome Powell is scheduled to present his semi-annual monetary policy testimony to the House and Senate starting this Wednesday. The market will be looking for Powell to provide a more specific timeline for interest rate cuts.
Currently, the market is pricing in three...
The key events for the week are concentrated mainly between Wednesday and Friday.
In the United States, the focus will be on January jobs data and speeches by Federal Reserve officials. The most important of the bunch is of course Federal Reserve Chair Powell two-day testimony in Congress on monetary policy starting Wednesday. Traders will look for cues...
How much longer can the kiwi sell off?
On Wednesday, the Reserve Bank of New Zealand opted to maintain interest rates, coupling this decision with dovish remarks and forward guidance.
Danske Bank economists anticipate a continued decline in NZD/USD in the upcoming year, setting a 12-month target at 0.5700. They think that the RBNZ contrasts with other G10...
Bitcoin touches 64K: Has it found its footing?
On January 22, CNBC's Jim Cramer said that it was " Unlikely that bitcoin finds its footing"
However, Bitcoin reached over $63,000 on Wednesday, marking its highest value since late 2021, even briefly touching $64,000 before turning a little lower.
As the Bitcoin halving in April approaches, reducing its...
Republican-led shutdown: What's at Stake for the USD??
We are four days away from a potential partial government shutdown, and negotiations among lawmakers have yet to produce a resolution.
On Monday, Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, House Speaker Mike Johnson, and House Minority Leader Hakeem Jeffries meet in...
Major Events in Euro Area and US on Friday
Friday is a significant day with Euro Area Consumer Price Index (CPI) and US Personal Consumption Expenditures (PCE) data on the radar.
Euro Area inflation likely eased to 2.5% in February, and the official report is expected on Friday after a rush of local economic data from the Euro Area. The European Central Bank...
25% chance of RBNZ rate hike on Tues?
The Reserve Bank of New Zealand (RBNZ) is likely to maintain its interest rate at the existing 5.50%, yet there might be a notable 25% probability of a 25-basis points hike.
Why? In part, the RBNZ provided a hawkish signal post its recent meeting.
The RBNZ's forward guidance suggests an inclination towards future hikes,...
