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<p>We expect RBNZ to leave its OCR at 0.25% at the May meeting. However, given the prospect of very gradual economic recovery, policymakers would maintain a dovish tone and suggest that further stimulus measures are likely. QE expansion is a likely move. The question is whether it will be announced this month or in June. […]

<p>Headline CPI eased to +3.3% y/y in April, from +4.3% a month ago. This also marked a two-percentage-point fall from January’s peak. While the major growth driver remained food price, it has been decelerating as the corovavirus outbreak has hurt demand. Food price gained +14.8% y/y last month, easing from +18% in March. Meanwhile, pork [&he

<p>US stocks continue to rise as investors weigh renewed trade tensions, reopening momentum, the Fed’s purchases of corporate debt ETFs and the core consumer-price index’s record decline. Trade Tensions It seems trade jabs are likely to be mostly political theater between the world’s largest two economies. China knows President Trump is in el

<p>Germany will publish its preliminary GDP growth readings for the first quarter on Friday at 06:00 GMT. Although the Eurozone’s initial estimates have already revealed a 3.8% contraction for the aforementioned period, markets could still pay some attention to the German numbers as a concerning report out of the largest EU economy could calm

<p>Consumer prices fell 0.8% in April, the largest monthly decline since December 2008. As a result, inflation is barely in positive territory, up only 0.3% on a year-on-year (y/y) basis, down from 1.5% in March. A 20.6% drop in the price of gasoline in March was the largest contributor to the monthly decline in consumer […]

<p>A mixed start to trading in Europe, with Wall Street poised for a similar open as investors mull over the reopening of various economies around the world at a time when others are seeing early signs of a second wave forming. Nothing takes the shine off the easing of lockdown measures like previous success stories […]

<p>EURCHF is currently in the region of the multi-year low of 1.0504 restricted by the flattened Ichimoku lines. Despite negative pressures from the simple moving averages (SMAs) – specifically the 50-period SMA – and the Ichimoku cloud, the price is engaging with the red Tenkan-sen line, hoping to overtake it and build some positive backing.

<p>All items CPI fell to 0.3% year-over-year in April Largest monthly decline (-0.8%) since December 2008 Ex food and energy index posts record monthly decline; slows to 1.4% year-over-year CPI inflation slowed sharply in April with the all items index posting its largest monthly decline since the 2008-09 recession. Lower gasoline prices (-21

<p>The S&P 500 Futures are facing a consolidation after they closed mixed yesterday. Later today, April U.S. Consumer Price Index (-0.8% on month expected), government monthly budget balance (deficit of 737.0 billion dollars expected), and the National Federation of Independent Business’s Small Business Optimism Index (84.0 expecte

<p>Pivot (invalidation): 25.10 Our preference Short positions below 25.10 with targets at 23.70 & 23.35 in extension. Alternative scenario Above 25.10 look for further upside with 25.55 & 26.00 as targets. Comment As Long as 25.10 is resistance, expect a return to 23.70.</p> <p>The post <a rel="nofollow" hre