Analysis

China On Track

China On Track

China GDP came out at a good sounding, despite being below market expectations, annual growth rate of 6.3%.
ACY Securities | 665日前
US retail sales data to show economy still growing

US retail sales data to show economy still growing

Asia-Pacific stocks show mixed performance amid Chinese economic growth concerns. Australia may raise interest rates while the US economy resists recession with expected Q2 growth. Despite struggles, US manufacturing sees better production. UK inflation declines, yet exceeds US and Eurozone, suggesting further interest rate hikes. US Treasury bond yields fell, indicating a potential interest rates
Moneta Markets | 665日前
About To Get Wild

About To Get Wild

Hold on to your hats things are about to get wild. Did you see that price action in New York on Friday, and in the AUS200 it looks like a classic one day reversal.
ACY Securities | 666日前
Soft China GDP data weighs on equities

Soft China GDP data weighs on equities

Equity markets start week on weak footing due to weak data from China, including slower retail activity and GDP growth of 6.3% in Q2. Interest rate expectations moderate after lower-than-expected US CPI inflation data. Eurozone markets expect further rate increases, ECB officials' comments will be monitored. No major data releases expected. US dollar stable, GBP/USD trading above 1.30.
Moneta Markets | 666日前
Dollar, Treasury Yields Plummet; US Producer Prices Drop

Dollar, Treasury Yields Plummet; US Producer Prices Drop

US Treasury Yields and the Dollar plummeted after US Producer Prices unexpectedly fell, increasing speculation that the Federal Reserve may be nearing the end of its rate-hiking cycle. US May PPI rose just 0.1%, missing estimates at 0.2%. Which followed a recent drop in the US CPI.
ACY Securities | 669日前
Dollar Drops on the Disinflation Trade – Keep Selling?

Dollar Drops on the Disinflation Trade – Keep Selling?

The downside surprise in US June CPI inflation has seen the dollar drop to new lows for the year. Over recent months I had been speculating that clear signs of US disinflation - and a weaker dollar - may emerge in 3Q23 and yesterday's moves could well be the start of an important market adjustment. 
ACY Securities | 669日前
Pressure on US dollar continues

Pressure on US dollar continues

Asia-Pacific stocks rise, except Japan due to potential tighter monetary policy. Eurozone trade balance may improve due to lower energy prices. US consumer sentiment may rise due to falling inflation. Markets anticipate the Fed's policy update on 26th July. China's Q2 GDP is due Monday.
Moneta Markets | 669日前