Attention on US Retail Sales
Major currencies are showing a lack of clear direction. Trading within a narrow range is expected to continue until the release of US retail sales data at 21:30. The previous two releases of US retail sales showed weakness, partly due to the increase in gasoline prices, but a solid recovery into positive territory is expected […]
As we approach the weekend, the market sentiment is expected to stabilize, and the US debt ceiling issue will be carried over to next week.
This week, along with the US financial instability concerns, the US debt ceiling issue has been in the spotlight. According to the latest reports, the meeting between President Biden and Republican House Speaker McCarthy, which was scheduled for the 11th to 12th, has been postponed to next week. It is reported that an agreement is […]
There are various factors to consider, such as the Bank of England’s monetary policy, US PPI, and the US debt ceiling issue.
Yesterday, the highly anticipated US Consumer Price Index (CPI) was released, showing a slight decrease from the previous reading at +4.9% YoY. The recently highlighted core CPI also indicated a slowdown. This led to a reaction in the foreign exchange market with the US dollar being sold off, accompanied by a decline in US bond […]
Focus on the US Consumer Price Index: Will Inflation Slow Down?
Today, the US Consumer Price Index for April will be announced. It is well known for its high market attention due to its timeliness as an inflation indicator in the US. In the current market, concerns about the US regional bank failures and sell-offs have subsided, and there is no excessive reaction to the […]
As the US Consumer Price Index announcement is due tomorrow, the market is likely to be driven by adjustments today.
Following yesterday, there are no significant economic indicators scheduled for release today. The market’s focus is on tomorrow’s US Consumer Price Index. Last week’s sharp decline in US regional bank stocks, which had disrupted the market, has shown signs of rebounding at the beginning of this week, indicating a temporary stabilization. Furthermore, the market reacted […]
London is on bank holiday for King Charles’ coronation, with a lack of market-moving news expected at the beginning of the week
Today, the UK observes a bank holiday for King Charles’ coronation ceremony. With few major economic indicators scheduled to be released in the US and Europe, the market is expected to adopt a wait-and-see attitude. Later in the overseas market, US wholesale inventories (final value) for March are scheduled to be released. Key financial […]
Risk aversion mood may continue into the weekend, US employment statistics to be released today
This week, policy interest rate announcements have followed one after another, with the US FOMC and the ECB Governing Council taking the stage. The FOMC raised interest rates by 25 basis points, suggesting a halt in future rate hikes, but stopped short of explicitly stating so. Hopes for an interest rate cut in the […]
How will today’s ECB fare as the How will today’s ECB fare as the US FOMC’s rate hike pause approaches?’s rate hike pause approaches?
As expected by the market, yesterday’s US FOMC announced a 25bp rate hike. However, while it suggested the possibility of keeping rates unchanged (pausing rate hikes) at the next June meeting, it did not explicitly say so. Chairman Powell denied the speculation of an early start to rate cuts that had been spreading in […]
Caution for yen appreciation and dollar depreciation due to FOMC today, shadows in the US labor market, and uncertainty in US regional banks
Today, the results of the US FOMC will finally be announced. In anticipation, the market is showing somewhat uneasy movements. Yesterday’s announced US JOLTS job openings fell below the 10 million mark for two consecutive months, which led to an expansion of dollar-selling reactions along with a decline in US bond yields. Although a 25bp […]
Euro sold off, retreating from highest level since September 2008 against yen = London FX
The euro is being sold off. This is due to the European Central Bank (ECB) revealing that lending standards in its bank lending survey have tightened more than expected, causing expectations for a significant rate hike by the ECB to recede. The euro-yen briefly tested the upside in London early morning, driven by rising yields […]