lester
He liked
EUR/GBP drops to near 0.8540 following dovish comments from ECB's policymakers
EUR/GBP edges lower on dovish remarks from ECB policymakers. ECB’s Villeroy has expressed confidence in the ECB's inflation target of 2%, but he has also cautioned about the increasing downside risks. BoE official Jonathan Haskel said that rate cuts should be "a long way off”. EUR/GBP continues its
He liked
Japan Inflation: Tokyo Consumer Price Index climbs 2.6% YoY in March vs. 2.6% prior
The headline Tokyo Consumer Price Index (CPI) for March rose 2.6% YoY following a 2.6% rise in the previous reading, the Statistics Bureau of Japan showed on Friday. Meanwhile, the Tokyo CPI ex Fresh Food, Energy climbed 2.9% YoY, down from a 3.1% increase in February. Additionally, Tokyo CPI ex Fre
He liked
Australian Dollar extends gains after paring losses amid softer Aussie Retail Sales
Australian Dollar recovers its intraday losses on risk-on sentiment. Australia’s Retail Sales (MoM) increased by 0.3%, against the expected 0.4% and 1.1% prior. US Dollar corrects ahead of US GDP Annualized data due on Thursday. The Australian Dollar (AUD) manages to recover its intraday losses and
He liked
BoJ’s Summary of Opinions: YCC, negative rate, and other massive stimulus tools have accomplished their roles
Bank of Japan (BoJ) published the Summary of Opinions from its March monetary policy meeting on March 18 and 19, with the key findings noted below. Key quotes “One member said YCC, negative rate, and other massive stimulus tools have accomplished their roles.” “One member said BoJ must guide monetar
He liked
US: Little reason to think doubts over the disinflation path will persist – ABN Amro
Is inflation heating up again? Economists at ABN Amro think not. Fed to begin lowering rates from June The bottom line is that pipeline price pressures still point to significant disinflation to come, especially from housing rents, with rents for new leases growing at rates below the pre-pandemic tr
He liked
He liked
BoJ, MOF, FSA holds three-party meeting as Japanese Yen crumbles
The Bank of Japan, Ministry of Finance (MoF) and Financial Services Agency (FSA) are scheduled to hold a tri-party meeting on Wednesday, the Finance Ministry said. Vice Finance Minister for International Affairs, Masato Kanda, will brief reporters after the meeting. The meeting is held as the Japane
He liked
He liked
Sensex, Nifty Trade Higher; Reliance Shares Up Over 2%
Indian shares traded higher on Wednesday, though a cautious undertone prevailed ahead of the F&O expiry, the release of U.S. and European inflation readings, and the Good Friday holiday. The benchmark S&P BSE Sensex was up 367 points, or half a percent, at 72,837 in early trade, while the br
He liked
Consumer Confidence holds steady in March
Summary Consumer confidence essentially held steady in March. Household pessimism around future income growth is building despite an improved view of the current jobs market. If continued, income concerns signal a potential challenge for coming spending. Expectations about the future hold back Confi
He liked
He liked
He liked
Is 2024 the new 2021 for Gold price?
The recent two tops in gold were 9 trading days apart… Just like in 2011, and the similarity doesn’t end there. Patterns repeating The shape of the price moves that preceded the 2011 top, as well as the length of the consolidations, are also similar. Please note the days that I marked with red arrow
Pull-up Update