Solid Nonfarm Payrolls data at the end of last week gave some strength to Dollar bulls as it consolidated near a 2-month high. The Monday data showed that the US Services sector barely grew in May. This sign of weakness in the services sector is a positiveContinue reading "A Weak Job Market Pushes Dollar Up, Bitcoin Falls"
Janet Yellen stated that the government may default if Congress did not come to a decision by June 5th or next Monday. Jobs data out on Friday will give strong signals as to how the Fed may navigate the next interest rate decision. Gold falls as a rate hike in June is beingContinue reading "US Dept Ceiling in Limbo as Markets Await Jobs Data on Friday"
The Core PCE Price Index which is a strong inflation indicator will be released later on in the week as a signal of how the economy has responded to rate hikes. Investors remain cautious in the stock market while they wait for a path forward in regard to the debtContinue reading "Bitcoin Sees Volatility as Markets Fret Over US Debt Ceiling"
Investors are waiting for an update on the US debt ceiling plans. Fed Chair Powell is speaking this week and investors will be keen for a signal on how the policy will react to this issue while balancing high-interest rates. The US stock markets ended lower due to concernsContinue reading "DIFX DIVE: This Week in Markets"
Wednesday’s inflation data is expected to show core prices rose 0.4% month over month and is unlikely to support early rate cuts from the Fed. German industrial production fell more than expected in March, partly due to the weak performance of the automotiveContinue reading "DIFX DIVE: This Week in Markets"
This week, we have the Fed’s Interest Rate decision on Wednesday, with the Fed widely expected to hike 25 bps. As this is priced in quite heavily, we don’t expect this data release to move the markets, however, we do expect the FOMC Press conference where JeromeContinue reading "DIFX DIVE: This Week in Markets"
The FEDWATCH tool predicts a 65% chance of a 25 basis point rate hike in May before the Fed pauses and holds rates. Investors are keeping an eye on commentary from the Fed as a couple of officials are set to speak. ECB’s Lagarde is set to speak this week which will…Continue reading "DIFX DIVE: This Week in Markets"
Wall Street banks are all expected to see a major decline in profits during earnings week as the bank crisis may hurt readings for the rest of the year. Many analysts believe that banks will become defensive as they combat low liquidity. The market is…Continue reading "DIFX DIVE: This Week in Markets"
Markets are now pricing in the probability of the Federal Reserve hiking rates by a quarter point in May to 61%, up from 48% on Friday. Additionally, the Personal Consumption Expenditures (PCE) price index in the US rose 5.0% in February from a year earlier…Continue reading "DIFX DIVE: This Week in Markets"
DIFX Buzz: Here’s a weekly market recap for you to start your Monday with the top news of the week. Let’s see what happened in markets this week: Forex ❖The Japanese Yen has gained around 4% in March as instability overshadowed the banking sector, spurring…Continue reading "Market Recap: All You Need to Know to Start Your Week"
The Fed is expected to continue raising rates, but markets hope it will stick with the 25 BPS moves. The European Central Bank President Christine Lagarde said it was “very likely” they would raise interest rates by 50 basis points this month. Bank of Japan…Continue reading "DIFX DIVE: This Week in Markets"
DIFX Buzz: Here’s a weekly market recap for you to start your Monday with the top news of the week. Let’s see what happened in markets this week: Forex ❖ Fed Chair Jerome Powell’s testimony to Congress on Tuesday and Wednesday will likely be a focus….Continue reading "Market Recap: All You Need to Know to Start Your Week"