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USD & CHF: An Interesting Trade

USD & CHF: An Interesting Trade

Initially, the positive NFP gains gained attention, but this was quickly dampened by the first decline in household employment this year and a higher US unemployment rate, reaching a one-year high.
ACY Securities | 767 일 전
RBA to hike 25bps

RBA to hike 25bps

The recent decision made by the Living Wage Commission (LWC) to increase the minimum wage by 5.75% starting from July 1st, following a 5.2% increase in 2022, has made the RBA decision today a difficult one.
ACY Securities | 767 일 전
RBA surprise hike propels AUD higher

RBA surprise hike propels AUD higher

Asian equities up, Nikkei +1%. RBA surprises with rate hike to 4.1%. UK retail growth slows to 3.7% YoY. German factory orders decline 0.4% in April. Eurozone retail sales expected to rise 0.2%. ECB set to raise rates. No major US releases. Chinese trade data and Australian Q1 GDP tomorrow. GBP/USD falls, recovers slightly. AUD strengthens after RBA hike.
Moneta Markets | 767 일 전
US Dollar Up On Debt

US Dollar Up On Debt

We look at Saudi oil cutbacks, and why the US dollar can now strengthen due to a worsting debt outlook. Can equities keep going? The long awaited debut ceiling relief rally delivered strongly in Friday trading. And there could be more to come over coming days?
ACY Securities | 768 일 전
FX and Gold Outlook

FX and Gold Outlook

While I believe that the recent gains of EUR/USD have been exaggerated and may lead to a near-term correction lower, I anticipate that the combination of factors influencing the currency pair will generally remain positive, enabling it to regain more strength over the next 6-12 months.
ACY Securities | 768 일 전
Major oil producers agree to supply cuts

Major oil producers agree to supply cuts

Asia equities rise on China services data. OPEC+ extends cuts, oil prices up. Interest rate outlook in focus. Limited central bank updates. UK services PMI unchanged. US services ISM shows growth. Eurozone PMI indicates expansion. UK retail report, Australian policy decision awaited. US bond yields up, dollar strengthens. GBP/USD falls.
Moneta Markets | 768 일 전
Fed Signals Pause; Dollar Falls, Long Bets Unwound

Fed Signals Pause; Dollar Falls, Long Bets Unwound

The US Dollar fell as speculative long bets were unwound ahead of today’s US Payrolls report. Fed speakers, led by Philadelphia President and FOMC member Harker, said that the US central bank should “skip” a June rate hike. Risk appetite rose, boosting stocks.
ACY Securities | 771 일 전