The November US producer price index rose 7.4% year-on-year and the core price rose 6.2% year-on-year, both of which exceeded market expectations.
The November US producer price index rose 7.4% year-on-year and the core price rose 6.2% year-on-year, both of which exceeded market expectations. The previous figures were also revised upwards to +8.1% from the previous year and core to +6.8% from the previous year. As a result, the 10-year U.S. Treasury yield jumped from around 3.46% […]
Ahead of next week’s series of events, pay attention to the rice producer price index today
The direction of the dollar exchange rate was confused this week. The market is nervous ahead of the ECB and the Bank of England’s monetary policy announcement event, including the US FOMC next week, and it is difficult to see one-way price movements. Under such circumstances, the November rice producer price index will be announced […]
Pay attention to the lectures of ECB officials today, ahead of next week’s ECB Governing Council meeting
The flow of the dollar market has stagnated this week. Observing the dollar index chart, the downward trend since November continues. However, this week has seen a lull in price fluctuations. Next week, the US FOMC, the UK Monetary Policy Committee (MPC), the ECB Governing Council and other major central bank policy-making meetings are lined […]
The direction of the dollar exchange rate is complicated, with concerns about prolonged interest rate hikes in the US and China’s deregulation of the corona virus
The direction of the dollar exchange rate is uncertain this week. Following the strong results of last weekend’s US employment statistics and this week’s ISM non-manufacturing business sentiment index, there is widespread speculation that the US Fed’s interest rate hike end point (terminal rate) will rise and that the rate hike will be delayed. This […]
Can the US trade balance be maintained on a touchstone day today?
It looks like today will be a touchstone day for understanding market sentiment as to whether the trend of the dollar’s depreciation will continue. Dollar buying intensified immediately after the release of last weekend’s U.S. jobs report, which surpassed expectations in the number of employees. However, there is a history of being pushed back by […]
Price movements after the US employment statistics show deep-rooted dollar selling pressure
Last weekend’s US employment statistics showed that the increase in the number of employees exceeded market expectations. The market obediently bought the dollar and reacted to the rise in US bond yields. That move was short-lived, however, as it entered the weekend with a weaker dollar and lower US Treasury yields. The market was impressed […]
U.S. employment statistics show 263,000 as a result against the expected 202,000
U.S. employment statistics show 263,000 as a result against the expected 202,000 USD buybacks are boiling now However, I suspect that this backlash will not last long.
With no additional elements to Powell’s remarks, the depreciation of the dollar progresses
FRB Chairman Jerome Powell’s speech, which attracted attention yesterday, suggested that the rate hike at the December FOMC meeting would be reduced. In response to this, the market strengthened the dollar selling reaction. He also pointed out the possibility of a rise in the terminal rate in the future, and firmly maintained the basic stance […]
China risk has calmed down, and today’s focus is on Fed Chairman Powell’s speech
The Chinese risk movement since the beginning of the week has calmed down for the time being. China’s central government has taken a stance of firmly maintaining its zero-corona policy, but in terms of its operation, health authorities have warned some local governments about excessive and uniform corona regulations, which has given the market […]
Ahead of the event from the middle of the week, the leading role will change for each market, first check the trends in China
Yesterday, the main players in the market changed for each market. In the Tokyo market, the yen strengthened against the backdrop of China risk. In the following London market, when the movement slowed down in the early stages, euro buying became the main player in response to remarks by ECB senior officials. When it entered […]