Market Outlook

Recent data suggests the US economy is cooling, though without inflicting lasting damage on consumers. US consumer sentiment fell by less than initially estimated, driven by expectations that inflationary pressures will moderate. Notably, the Federal Reserve’s preferred inflation gauge registered its smallest advance in six months, indicating a potential easing of price increases. Treasury 10-year notes remained […]

As investors keenly await the release of the Federal Reserve’s preferred inflation gauge on Friday, the Personal Consumption Expenditures (PCE) report is poised to be a significant market mover. Analysts anticipate that a stronger core PCE could further bolster the US Dollar. Recent lackluster US economic data has reinforced speculation that the Fed may cut interest

Renewed selling pressure on the US Dollar is providing a reprieve for Gold prices, halting its recent downtrend. This trend is further bolstered by a broader risk-off sentiment in the market ahead of key events, including Friday’s US PCE inflation data and Sunday’s French election, which could limit the downside for Gold. Investors are now

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