Hazlitt
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USD/JPY eyes 1990 highs: Intervention or reversal?
The reversal of the Bank of Japan's monetary policy tightening at the beginning of March not only failed to reverse, but also added to the Yen's weakening trend. The systematic pressure on the Japanese currency raises even more questions, given that the Fed and ECB are less than three months away fr
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Upside risks to the JPY, but downside risks to the CHF – HSBC
The Japanese Yen (JPY) is likely to recover in 2024 while the Swiss Franc (CHF) is likely to extend its year-to-date weakness, economists at HSBC say. SNB surprisingly cut its rate Looking beyond the near-term reaction, we think the US-Japan yield differential is set to narrow, this, among other fac
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GBP/USD edges higher amid softer USD, upside potential seems limited
GBP/USD attracts some buyers for the second straight day, albeit lacks bullish conviction. Rising bets for an imminent interest rate cut by the BoE continue to cap gains for the GBP. The Fed’s projected three rate cuts in 2024 keep the USD on the defensive and lend support. The GBP/USD pair trades w
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US Dollar to embark on a “bumpy road” – Commerzbank
The US Dollar (USD) lost ground after the Fed decision. Economists at Commerzbank analyze Greenback’s outlook. A rate cut for 2024 could still fall by the wayside, which would be Dollar-positive I don't think that much has changed in the end: June is moving back into focus as the first rate cut date
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New Zealand Has NZ$218 Million Shortfall In February
New Zealand posted a merchandise trade deficit of NZ$218 million in February, Statistics New Zealand said on Friday. That beat forecasts for a shortfall of NZ$825 million following the downwardly revised NZ$1.089 billion in January (originally -NZ$976 million). Exports were worth NZ$5.89 billion, up
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Trends in uncertainty indicators in February: A general decrease
In the United States, economic policy uncertainty, based on media coverage, fell significantly in February, following a rebound in January. The index fell from 124 to 97, the lowest level since July 2023, when the policy rates were last raised. With US growth and the labour market continuing to hold
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USD/CAD rallies after Canadian inflation data cools
USD/CAD rallies up to higher 1.3500s following lower-than-expected Canadian CPI. The data suggests the Bank of Canada will not need to keep interest rates as elevated – a negative for CAD. Traders gear up for the Fed meeting later on Wednesday. The USD/CAD pair continues its rally, reaching the uppe
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