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Possible Scenarios for End of This Month

Possible Scenarios for End of This Month

In April, the dollar underwent a slower correction compared to March. In response to persistent inflation, the Federal Reserve raised its key rates by 25 basis points to 5.00%-5.25% at the start of May.
ACY Securities | 731 ngày trước
Debt Default Back on Table as Manufacturing Melts

Debt Default Back on Table as Manufacturing Melts

Senator McCarthy’ has totally rejected the idea, put forward the day before by some Democrats, that staffers meetings had made significant progress. The Senator says this is not the case at all, and the differences between the two sides remain huge with little if any common ground.
ACY Securities | 731 ngày trước
Pound drops after UK labour data

Pound drops after UK labour data

Asian markets rise despite weaker Chinese economic data. US debt ceiling negotiations and potential cash shortage in June remain concerns. UK labor market data shows slight softening. German ZEW survey predicts declines in economic sentiment. US industrial production and retail sales data to support Fed's pause. Japanese Q1 GDP expected to show growth. Pound and Australian dollar decline.
Moneta Markets | 731 ngày trước
Crude Oil Price Continues to Fall

Crude Oil Price Continues to Fall

Oil continues to fall at the start of another May week. A barrel of Brent crude fell to 73.70 USD. The sell-off in the commodities market has been ongoing for several weeks.
RoboForex | 732 ngày trước
USD: Dancing on the Debt Ceiling

USD: Dancing on the Debt Ceiling

Investor confidence remains delicate due to the lack of progress in raising the US debt ceiling. However, a meeting between US National Security Adviser Jake Sullivan and China's top diplomat Wang Yi aimed to improve relations and reduce yields on US Treasury bonds, providing a slight boost to investor sentiment.
ACY Securities | 732 ngày trước
Turkey elections hang in the balance

Turkey elections hang in the balance

Equities in Asia Pacific rose, and talks to avert US debt default progressed. Turkey's election heads for a run-off between Erdogan and Kilicdaroglu. Data releases this week include Eurozone industrial production and US Empire State manufacturing survey. UK labor market data expected tomorrow. US bond yields steady, USD slightly weaker, GBP/USD below 1.25.
Moneta Markets | 732 ngày trước
Debt Ceiling Hope As Markets Settle

Debt Ceiling Hope As Markets Settle

Join Clifford Bennett, Chief Economist at ACY Securities, as he delves into the latest developments surrounding the highly anticipated Biden-McCarthy meeting concerning the pressing issue of the US Debt Ceiling crisis. Discover why the meeting has been delayed and explore the intriguing speculations suggesting progress made at the middle level meetings.
ACY Securities | 734 ngày trước
BoE Keeps Door Open for One More 25bp Hike

BoE Keeps Door Open for One More 25bp Hike

The BoE has hiked rates by another 25 basis points (Fig1) and kept the door open to more if inflation data come in higher than expected between now and the next meeting in June. Another hike is possible, but with inflation forecasted to be well below target in a couple of years' time, I think this tightening cycle is reaching its limit.
ACY Securities | 734 ngày trước
FED will pause in June

FED will pause in June

Following a significant sell-off yesterday triggered by the release of the latest US CPI report for April, the US dollar continues to trade at weaker levels. Primarily, the dollar has shown weakness against the yen, leading to a decline in the USD/JPY pair.
ACY Securities | 734 ngày trước