Gwendolyn

No one saw this strong Hungarian retail performance coming. The March data surprised to the upside, without any early hint. So, we take it with a pinch of salt, but file it away as a possible ray of hope for recovery. The development of Hungarian retail sales in March was a rather strong positive su

Mexican Peso hits weekly high of 16.90 versus USD after Fed maintains current policy. The Mexican currency stays strong despite lower Mexico Business Confidence. US economic data showing a smaller trade deficit and stable job claims, failed to boost the Greenback. Powell states Fed's future policy d

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Faced with stubborn inflation that has raised concerns about where policy is headed, the Federal Reserve has been ensnared in a holding pattern that likely will be reflected when it closes its meeting Wednesday. Markets are anticipating a near-zero chance that the Federal Open Market Committee, the

Futures indicate a slightly weak start for U.S. stocks Tuesday morning. The focus will be on a slew of quarterly earnings updates, and the Federal Reserve's monetary policy meeting, which gets underway today. The Dow futures are down marginally, the S&P futures are lower by about 0.1%, and the N

Asia Market Update: Yen stabilizes as JP refuses to confirm intervention; AU Retail Sales go negative and take A$ along with it; JP Retail Sales also miss heavily; CN PMIs mixed; EU Q1 GDP tonight, FOMC tomorrow night. General trend - After yesterday’s price gyrations, the Yen settled down as USD/JP

So far, currency traders are respecting the recent intervention, limiting the USD/JPY pullback to 157, where it's thought large offers are layered above. The Japanese government (GPIF) has bought $1.2 trillion of dollars and euros since 2000 and is currently sitting on one of the biggest trading pro