Investor confidence rises with falling yields

Market movement today There are no market movers on the calendar today. This week we’ll focus on US data releases with the planned November jobs report, ISM services and the University of Michigan survey. We expect further cooling in non-farm payrolls on Friday to +140k and expect average hourly earnings to grow steadily at 0.2%. … Read more

US dollar falls on Fed Powell’s dovish remarks

A bank employee counts US dollar bills at Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha License Rights Powell says the risks of over- or under-tightening are now balanced The US manufacturing sector remains in contractionary territory Post-Powell US rate futures price with 62% chance of a March rate cut NEW YORK, Dec 1 … Read more

The US dollar weakens as it weighs the prospect of a Fed rate cut

A bank employee counts US dollar bills at Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha License Rights Dollar index on track for worst monthly loss in year The dollar is set for its biggest monthly decline against the yen since February US new home sales fell more than expected in October US interest … Read more

FOREX-Sterling steady, dollar wobbles as markets brace for post-Thanksgiving buzz

Author: Rae Wee SINGAPORE, Nov 27 (Reuters) – The dollar started the final week of November on the back foot, while the pound held near a more than two-month high on an easing economic gloom in the United Kingdom as traders eyed fresh economic stimulus in the week ahead. determine the future development of monetary … Read more

Oil profits according to OPEC speculation

The previous week marked a significant shift in market sentiment regarding expectations of a Federal Reserve (Fed) rate hike. The latest Consumer Price Index (CPI) update revealed a slower-than-expected inflation rate in the US, along with politicians fending off a government shutdown. Despite these factors, the US 2-year yield tested 4.80% for a fourth time, … Read more

Sunset Market Comment – Action Forex

markets Until about a month ago, the market dynamics of earnings moved “standardly” higher on days when there were no relevant news for the market. A series of softer (or perceived soft) data has since caused the market to turn 180 degrees. The central bankers’ mantra of “higher for longer” has been shelved. The key … Read more

Key inflation data due in the US and Sweden

Today’s market movers US CPI for October is the highlight of this week in terms of data releases. We expect core at 0.1m/m and core at 0.3% m/m in line with consensus, but with uncertainty stemming from the auto workers’ strike, which may have temporarily boosted car prices, as well as technical factors related to … Read more

The dollar hit a one-year high against the yen before falling in options trading

[1/2]Japanese yen and U.S. dollar bills are seen in this picture taken March 10, 2023. REUTERS/Dado Ruvic/Illustrations/File Photo/File Photo License Rights Acquisition NEW YORK/LONDON, Nov 13 (Reuters) – The dollar climbed to its highest level in more than a year against the Japanese yen on Monday, near the key psychological level of 152, but then … Read more