The Philadelphia Fed Index is affected by the decline in price items
In April, the Philadelphia Fed Business Conditions Index dropped more than expected to -31.3. By item, the decrease in purchase price and sales price is conspicuous. Arrival delays and inventory levels have also fallen from the previous time. On the other hand, new orders, shipments, backlog of orders, number of employees, average weekly working […]
The market’s outlook for US interest rates is settling down, and I would like a hint from the British and European Central Bank
The downward trend in the dollar exchange rate has eased this week. The background is that the US FOMC in May is expected to raise interest rates by 25bp. In addition, there are speculations of an additional interest rate hike of around 30% at the June FOMC. However, that view has stabilized over the […]
Due to the chaotic flow of the dollar market and the uncertain outlook for US interest rates after June
The dollar exchange rate was strong from the end of last week to the beginning of the week, but the dollar was weak yesterday. And the dollar is once again on the rise. Although the trend since March is still pointing toward a weaker dollar, the momentum has slowed recently. Regarding the US FOMC […]
Last week, the U.S. interest rate hike in May was solidified, but uncertainty remains about the future
In response to last week’s series of US economic statistics and the results of US financial institutions, there is a near consensus in the market that the next US FOMC meeting in May will raise interest rates by 25 basis points at about 80%. The focus of the market seems to be gradually shifting to […]
Check the continuation of the weak dollar trend for next week, today’s US retail sales, etc.
This week will be a week in which the release of US economic statistics will be the center of attention. The US consumer price index and the US producer price index headline numbers have slowed further, putting pressure on the dollar to sell. The market consensus is that the FOMC will raise interest rates […]
Reacting to dollar selling, EUR/USD temporarily leveled at 1.1043 due to slowdown in US PPI growth
The March rice producer price index (PPI) was +2.7% year-on-year, falling short of market expectations of +3.0%. The previous value was revised upward from +4.6% to +4.9%. Excluding food and energy, the year-on-year growth rate was +3.4%, in line with market expectations, and the previous rate was revised upward from +4.4% to +4.8%. The […]
Passed the US consumer price index, dollar selling prevailed in the exchange rate
The March US consumer price index announced yesterday was +5.0% year-on-year, slowing down significantly from the previous +6.0%. As the price fell below market expectations, the currency market strengthened the reaction to sell the dollar. However, the core year-on-year rate of increase was +5.6%, up from +5.5% in the previous survey, in line with market […]
The focus of the US consumer price index market is on the core index
The US consumer price index (CPI) for March will be announced today. It is a notable indicator that is almost decisive for the interest rate outlook of the US FOMC in May. According to the market forecast in advance, the year-on-year growth is expected to slow down sharply from +6.0% in the previous year […]
The U.S. employment statistics and continued Ueda easing will not lead to a strong dollar trend, and we will wait for tomorrow’s U.S. CPI
With the U.S. employment statistics at the end of last week and the start of the new administration by Governor Ueda of the Bank of Japan at the beginning of the week, the dollar/yen exchange rate rose from around 131 yen to just below 134 yen. The U.S. employment statistics showed an unexpected drop […]
New President Ueda’s remarks, as expected
The dollar/yen has risen to the 133 yen level. At the first press conference by the new governor of the Bank of Japan, Mr. Ueda, who attracted a lot of attention, showed a certain positive attitude, such as referring to discussions on a joint statement when the situation changes in the future. became. […]