Market Outlook

On Monday, Chicago Fed President Austan Goolsbee remarked that the Fed’s current monetary policy is restrictive but noted that further easing could be possible if inflation continues to slow. Meanwhile, San Francisco Fed President Mary Daly commented that recent inflation data are encouraging but cautioned against assuming the path to sustainable price stability is clear. These […]

Traders are preparing for a week filled with political risks and critical inflation data that could influence global interest rate expectations. Key data releases from Australia, Tokyo, and the United States, including the Federal Reserve’s preferred inflation measure, will be closely scrutinized for clues on future monetary policy directions. The Japanese yen traded below 160 per

U.S. markets are set to reopen on Thursday with a positive outlook following a holiday closure, as futures contracts indicate potential gains on Wall Street. The index tracking dollar strength remained largely unchanged, while bond yields in the U.S. and Australia edged higher, mirroring a similar rise in European yields. Treasuries saw no trading on Wednesday

UK inflation has finally fallen to the Bank of England’s target for the first time in nearly three years, strengthening the argument for potential interest rate cuts later this year. The Office for National Statistics reported on Wednesday that the Consumer Prices Index rose 2% year-on-year in May, down from 2.3% in April, aligning with economists’

As the U.S. heads into a midweek holiday, traders are gearing up for a critical batch of retail sales data and a series of speeches from Federal Reserve officials. Treasuries saw gains in Asia trading on Tuesday after a decline on Monday, driven by a surge in high-grade corporate bond issuances surpassing $21 billion. The market’s

The yen is poised to extend its recent losses after the Bank of Japan (BOJ) failed to provide specific details on its plans to cut bond purchases, leading to a more dovish outcome than markets had anticipated. Japan’s currency is expected to weaken beyond 158 per dollar, with the BOJ’s tightening pace slower than market expectations

The Federal Reserve has scaled back its rate cut projections for this year, indicating just one quarter-point reduction, down from three projected in March. The core consumer price index fell to its lowest level in over three years, suggesting clear signs of data softening. Despite this, markets continue to anticipate that the Fed will cut rates

The US Dollar witnessed a rally while Chinese shares reversed their trajectory as the initial optimism surrounding potential monetary easing faded. Lingering concerns regarding China’s growth prospects and policy uncertainties have left investors cautious, potentially contributing to a strengthening dollar. Investor attention remains fixated on pivotal inflation data expected from both the US and China later

Yesterday’s release of the Federal Open Market Committee (FOMC) meeting minutes indicated a Fed stance of maintaining elevated rates for an extended duration, with potential cuts in 2024. This news led to a decline in Asian markets session following the drop in US markets. The minutes portrayed a hawkish tone, suggesting prolonged restrictive rate levels,

In the Asian markets, all eyes remain fixed on China’s Purchasing Managers’ Index (PMI) readings, seeking further cues about the resilience of the world’s second-largest economy. As trading commenced on Thursday, Treasuries maintained stability following a decline of nine basis points in two-year yields, while the 10-year notes eased by seven basis points to hit