Passing through the US Consumer Price Index (CPI) and heading towards the FOMC, the focus will be on changes in July rate hike expectations.
Today, the highly anticipated US Consumer Price Index will be released. Slowing year-on-year growth is expected, which is likely to support the market’s expectation of the Fed keeping interest rates unchanged in the upcoming FOMC meeting. However, depending on the degree of deviation from market expectations, it could impact the strength of rate hike expectations […]
Material difficulties at the beginning of the week, awaiting tomorrow’s U.S. Consumer Price Index and the day after tomorrow’s U.S. FOMC meeting
“Starting the week, there is a shortage of market-moving news. The scheduled economic indicators include the Indian Consumer Price Index (May), the Indian Industrial Production Index (April), and the US Monthly Treasury Statement (May), which are less anticipated by the market. This week, the outcome of the US Federal Open Market Committee (FOMC) meeting […]
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Interest in events in the second half of next week, today’s Canadian employment statistics
Market focus is shifting towards the major events scheduled for the latter half of next week. Following the US Consumer Price Index (CPI) on the 13th, the results of the US Federal Open Market Committee (FOMC) meeting will be announced on the 14th (early morning of the 15th in Japan), the European Central Bank (ECB) […]
No clear sense of direction for the dollar; U.S. initial unemployment insurance claims today
The direction of the dollar market remains unclear this week. Observing the dollar index, we see daily nervous movements, but there have been no significant changes in core levels. Yesterday’s daily candlestick formed a doji, indicating a complete loss of direction. Market sentiment is dominated by a wait-and-see mood ahead of next week’s FOMC […]
Adjustment-driven timing, ahead of next week’s FOMC
Today, the Nikkei average is experiencing volatile trading, which is typical for SQ (Special Quotation) week. There was a moment when it dropped by 700 yen, marking the largest decline of the year. There is also a partial reversal in yen-selling positions for USD/JPY and cross-yen pairs. However, it doesn’t seem that risk aversion sentiment […]
Dollar selling dominated by yesterday’s ISM and today’s Central Bank of Australia, and the trend may continue with little material after this.
Yesterday, the market saw a prevailing selling sentiment for the US dollar, triggered by unexpectedly weak results in the US ISM Non-Manufacturing Purchasing Managers’ Index. Additionally, the Reserve Bank of Australia (RBA) surprised the market by implementing an interest rate hike during today’s RBA policy meeting, leading to a sharp appreciation of the Australian dollar […]
Moderate risk sentiment, stable dollar market – Focus on a series of non-manufacturing PMI data at the beginning of the week
The market at the beginning of the week shows a moderate risk sentiment. The dollar market is experiencing consolidation and stability in the high levels reached since the end of last week. The US employment report at the end of last week showed a stronger-than-expected increase in the number of employed individuals. However, the unemployment […]
June’s decision: Hold or Rate Hike? Today’s US Employment Statistics will be the litmus test.
Today, the focus will be on the US Employment Statistics. It is a crucial indicator that will help determine whether the June FOMC will hold interest rates or opt for a rate hike. Market expectations suggest a slight slowdown from the previous increase of 253,000 non-farm payrolls, with an estimated increase of around 200,000. […]
June FOMC Expected to Stay Unchanged, But Still Fluid Ahead of US Employment Data
Yesterday, market sentiment shifted towards a majority expectation of the June FOMC remaining unchanged. This change was in response to the support for holding off on rate hikes from a Jefferson Fed Board member and the President of the Philadelphia Federal Reserve, Harker. Prominent Fed watchers had also indicated a possibility of no rate hike. […]