Analys

ECB Adds To Recession Risk

ECB Adds To Recession Risk

The ECB raised rates by 25 points. With the Euro market reacting as if this were a surprise? The ECB had signalled clearly that it would continue to raise rates for some time. That it has more work to be do in the perceived fight against inflation.
ACY Securities | 784 dagar sedan
US dollar on course to fall for a third week

US dollar on course to fall for a third week

Asian equity markets rise on Chinese stimulus hopes. Bank of Japan keeps policy unchanged. Eurozone CPI expected to confirm fall in headline measure. US consumer sentiment survey likely to rebound slightly. Central bank speakers and ECB speakers scheduled. Euro maintains increase, pound supported by BoE hike expectations. Japanese yen weakens after BoJ decision.
Moneta Markets | 784 dagar sedan
Fed Pause + More Hikes + Wealth Gap

Fed Pause + More Hikes + Wealth Gap

Not what the market had been expecting. The market had been bizarrely fixated with fantasy pivot expectations? We have consistently pointed to stubborn inflation, the headline may be 4%, still too high, but core inflation is at a whopping 5.3% and services inflation may even accelerate.
ACY Securities | 785 dagar sedan
GBP looking healthy with GDP

GBP looking healthy with GDP

GDP recovers as retail recovers from March washout; UK GDP in April recorded a growth of 0.2% month-on-month (m/m), aligning with consensus expectations. This indicates a partial recovery, often referred to as a 'bounce back', from the weaker-than-anticipated growth of -0.3% m/m in March.
ACY Securities | 785 dagar sedan
Fed Funds 6% Anyone?

Fed Funds 6% Anyone?

The US Federal Reserve delivered precisely to our forecast script. Going on hold for just the moment, but emphatically emphasising there are more rate hikes to come.
ACY Securities | 785 dagar sedan
Market focus turns to the ECB

Market focus turns to the ECB

Asian equity markets are up due to China's rate cut hinting at stimulus measures. The US Fed kept rates steady, suggesting possible hikes this year. The ECB is expected to raise interest rates despite the Eurozone's recession and high inflation. The market is also partly expecting another ECB hike in July. Today's US data will be studied for clues on the Fed's policy pause duration.
Moneta Markets | 785 dagar sedan
US Inflation Half the Pace Is Not Good Enough

US Inflation Half the Pace Is Not Good Enough

The US just saw a major improvement in current inflation. Headline CPI has halved from the peak to now 4.0%. While the monthly rise was almost flat at just 0.1%. Both results were in fact better than the market had hoped for.
ACY Securities | 786 dagar sedan
Lower CPI, higher change for a pause on FED

Lower CPI, higher change for a pause on FED

In May, the United States experienced a slowdown in price pressures, primarily due to a decrease in gasoline prices. As a result, the CPI only advanced by 0.1% on a month-to-month basis, which was in line with expectations.
ACY Securities | 786 dagar sedan
China cuts USD bearish

China cuts USD bearish

USD soft after China rate cut. The USD is weaker this morning following China stimulus and expectations for decelerating US inflation while the decline of the USD aligns with my medium-term prediction, I remain unconvinced.
ACY Securities | 786 dagar sedan