Blogs

<p>UK CPI slowed further to 0.5% yoy in May, down from 0.8% yoy, matched expectations. That’s the lowest level since 2016. Nearly all categories of prices contributed to the decline in CPI, except food and non-alcoholic beverages. Core CPI dropped to 1.2% yoy, down from 1.4% yoy, matched expectations too. Also released, RPI slowed to [&

<p>The Thomson Reuters/ INSEAD Asian Business Sentiment index plunged to 35 in Q2, down from 53. That’s a 11-year low, and the second time the index fell below 50. Around 16% of the 93 companies surveyed said a “deepening recession” was a key risk for the next six months. More than half expects declining staffing […]

<p>RBNZ Governor Adrian Orr said he’s “very pleased” with the impact of the central bank’s QE program. As for the next steps in monetary easing, he’s confidence that there are “plenty of tools”. But for now, the main game in town is about fiscal policy. Orr added the next steps for RBNZ could include

<p>Fed Vice Chair Richard Clarida said in a speech yesterday that before the current downturn, long-term inflation expectations were already “at the low end” of the range that’s consistent with Fed’s objective. Give the “likely depth of this downturn”, inflation expectations are “at risk of falling be

<p>Swiss Franc surges broadly today and it’s currently the strongest one. There is no clear sign of risk aversion in other markets, with major European indices in black, while DOW futures is slightly higher. Yen is also generally soft too. Franc’s strength might be an indication of concerns over geopolitical tensions. Or it could

<p>The forex markets are generally in range trading today, with mild weakness seen in Sterling after CPI release. Markets are staying in mild risk-on mode, with Australian Dollar and Canadian Dollar firmer. However, there is no one-sided risk trading as see in the divergence in Yen and Swiss Franc. Markets will look forward to Fed […]

<p>Crude oil prices have remained firm, supported by positive news from both OPEC+ and better demand/supply outlook. The latest monthly report by the International Energy Agency (IEA) has depicted a more optimistic outlook on the oil market. The agency raised its global oil demand forecast to 91.7M bpd for this year, up +0.5M bpd from [&helli

<p>NZDJPY is extending its sideways trading in the four-hour chart, trailing the lower bound of the Ichimoku cloud. The 20-period moving average (MA) is flatlining in the same region, providing additional support against downward attempts. The momentum indicators further underline the neutral short-term picture, though with the RSI glued slig

<p>New Zealand will be the last of the major economies to report GDP estimates for the first quarter. The data, due at 22:45 GMT on Wednesday, will likely show the Pacific island nation recorded its first economic contraction in nine years in the first three months of 2020. Policymakers at the Reserve Bank of New […]

<p>The latest employment numbers out of Australia will hit the markets at 01:30 GMT Thursday and forecasts point to more job losses, though that may be more of a counting issue than a reflection of real economic conditions. The high-flying aussie could spike lower if the data disappoint, but its broader direction will hinge mainly […]