Mexico Retail Sales (YoY) dipped from previous 3% to -1.7% in March

Mon, 20 May 2024 08:00:53 -0400

Mexico Retail Sales (MoM) declined to -0.2% in March from previous 0.4%

Mon, 20 May 2024 08:00:37 -0400

Fed's Bostic: Fed is open to all possibilities on path of economy

In an interview with Bloomberg on Monday, Atlanta Federal Reserve Bank President Raphael Bostic said that it is going to take a while before they are certain that inflation is going back down to 2%.

Mon, 20 May 2024 07:57:45 -0400

Euro Struggles With $1.09 Cap But Finds Support in Risk Appetite

The week has got off to a subdued start for EUR/USD, with the Dollar likely to set the trading pace

Mon, 20 May 2024 07:00:06 -0400

US Dollar flat on Fed-packed start of the week

The US Dollar (USD) is starting the week as it closed off the previous week: with some easing. Equities are on the front foot this Monday while commodities are trading higher, pushing the Greenback into some easing.

Mon, 20 May 2024 06:45:00 -0400

Mexican Peso continues rallying after Banxico official's comments

The Mexican Peso (MXN) edges higher on at the start of the new week, continuing the steep rally witnessed in most MXN pairs on Friday, after the Deputy Governor of the Bank of Mexico (Banxico), Irene Espinosa, said she thought the Banxico should keep interest rates at their current high level (11.0%) as the battle with inflation was not yet over.

Mon, 20 May 2024 06:31:57 -0400

BoE's Broadbent: Possible bank rate cut could come this summer

Bank of England (BoE) Deputy Governor Ben Broadbent said on Monday that it was possible that the BoE could cut the policy rate this summer, per Reuters.

Mon, 20 May 2024 06:16:00 -0400

Sterling steady ahead of expected drop in inflation

The pound held steady on Monday as markets waited for April inflation data later in the week which is expected to show the rate of UK price rises falling back to the Bank of England's target.

Mon, 20 May 2024 06:10:15 -0400

Jump in Japanese Bond Yields Fails to Lift the Yen

Overview: The foreign exchange market is quiet. Most of the G10 currencies are +/- 0.1% against the dollar.

Mon, 20 May 2024 06:10:00 -0400

Crude Oil News Today: Traders Downplay Iran-Saudi Instability, Eye OPEC+

Crude oil prices may rise further over the near-term as traders await clarity on OPEC+ output policy decisions at the upcoming June 1 meeting.

Mon, 20 May 2024 06:00:08 -0400

BoE's Broadbent: Summer rate cut possible

In a speech today, BoE Deputy Governor Ben Broadbent indicated that if current forecasts hold, which suggest that monetary policy will need to become “less restrictive at some point”, a rate cut could occur “over the summer”.

Mon, 20 May 2024 05:48:55 -0400

The Market News Today: Crude Oil Jumps on Iran-Saudi Political Uncertainty

An unexpected deadly incident in Iran added to crude oil volatility, while concerns over Saudi Arabia's leadership added another layer of uncertainty.

Mon, 20 May 2024 04:48:42 -0400

Aussie, Kiwi Dollar Outlook: AUD, NZD Price Setups Ahead of the RBNZ

AUD/USD bullish potential remains, and AUD/NZD bounces off a zone of support ahead of the Reserve Bank of New Zealand's rate announcement and RBA minutes

Mon, 20 May 2024 04:30:14 -0400

Pound Sterling holds gains on improved market sentiment, UK inflation comes under spotlight

The Pound Sterling (GBP) trades close to an almost two-month high around 1.2700 in Monday's European session. The GBP/USD pair strengthens as the US Dollar (USD) is on the back foot as financial markets remain confident that the Federal Reserve (Fed) will start lowering interest rates from the September meeting.

Mon, 20 May 2024 04:08:07 -0400

ECB's Kazaks: June rate cut likely, future moves data dependent

ECB Governing Council member Martins Kazaks indicated in a Bloomberg Adria interview that the central bank is nearing its 2% inflation target, paving the way for interest rate cuts. However, he emphasized that any reduction in rates should be “cautious” and “gradual,” and that the process should not be rushed.

Mon, 20 May 2024 03:46:29 -0400

ECB's Kazaks: It's quite likely June will be when we start to cut rates

European Central Bank (ECB) policymaker Martins Kazaks, in a Bloomberg interview on Monday, said that “it's quite likely June will be when we start to cut rates.”

Mon, 20 May 2024 03:40:00 -0400

Japan manufacturers want stable FX from BOJ policy, survey shows

Japan's large manufacturers saw exchange rate stability as the biggest factor they wanted out of the central bank's monetary policy, a Bank of Japan survey showed on Monday.

Mon, 20 May 2024 01:57:04 -0400

Natural Gas and Oil Forecast: Iran Instability Pushes Energy Up Over 0.15%

The recent helicopter crash involving Iran's President has driven oil prices up, with Brent crude holding above $80 amidst geopolitical tensions.

Mon, 20 May 2024 01:39:30 -0400

BoJ Survey: Japan on cusp of seeing big changes in corporate activity

The findings of a survey, conducted by the Bank of Japan (BoJ) to assess its past monetary easing measures, showed that Japan is on the cusp of seeing big changes in corporate activity.

Mon, 20 May 2024 01:25:00 -0400

Japan Tertiary Industry Index (MoM) below expectations (0.1%) in March: Actual (-2.4%)

Mon, 20 May 2024 00:31:34 -0400