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Mar 16, 18 •
1811 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Negative USD view persists amid the Trump administration’s more aggressive protectionist policy agenda
The negative view persists and a probable lack of overtly hawkish Fed signals in the US. FOMC is to hike +25bp next week and retain an optimistic outlook but risks of a strong hawkish signal have eased following benign Feb earnings and CPI, weaker Q1 tracking...
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Mar 15, 18 •
1723 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on The Euro strength could ponder on inflation down the line; US PPI advanced by 0.2%, while retail sales saw a decline in February
According to the ECB President Mario Draghi’s speech yesterday, during the ECB conference, the monetary policy will remain patient and prudent with sustained adjustment in the path of inflation towards target is the condition for net asset purchases to end....
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Mar 14, 18 •
1862 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on US CPI increased 0.2% m/m in February and US core inflation remains stable despite surging apparel costs; UK’s inflation seen falling to BoE target within a years’ time
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in February on a seasonally adjusted basis after rising 0.5 percent in January,” the U.S. Bureau of Labor Statistics reported yesterday. Over the last 12 months, the all...
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Mar 13, 18 •
1815 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Prospect of steel and aluminum tariffs undermined a decent case for tactical USD long into the March FOMC; Gold tumbles to lows, weakens further below $1320 level yesterday
The prospects of a trade war have increased due to the US tariffs on steel and aluminum. However, at the last minute, President Trump shifted and opened the door to exemptions, including for Canada and Mexico. Australia experiences a bilateral trade deficit...
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Mar 12, 18 •
1856 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Safe-haven Yen rebounds on Japan politics, a quiet session ahead
Forex today in Asia this Monday was mainly driven by the risk sentiment, with the Asian equities tracking their Wall Street counterparts higher, in the wake of disappointing US wage growth numbers. Therefore, we saw the USD/JPY reaching for a test of the 107...
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Mar 9, 18 •
2081 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on US Economic growth continued at a moderate paste; ECB left its interest rates, quantitative easing and forward guidance unchanged
The March Beige Book maintained that US economic growth continued at a modest to moderate pace, but some of the language regarding wage growth and prices have changed. The March report notes that wage and price pressures picked up between January and March in...
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Mar 8, 18 •
2214 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Main focus remains on the ‘trade war’ and the issues surrounding ‘Brexit’
As it is known, U.S. President Donald Trump restated his attention to place big tariffs on imports of steel and aluminum, warning the European Union of the impact of ‘big tax’ for not treating the United States well in terms of trade. On his comment, the...
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Mar 7, 18 •
3931 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Reserve Bank of Australia kept the cash rate unchanged yesterday. EU response to Trumps’ proposed tariffs would not promise well for market sentiment
Yesterday we saw a bundle of news coming from Australia, where most traders were concentrating on the RBA and the decision regarding the cash rate. As the Reserve Bank of Australia decided to keep the rate unchanged at 1.50%, Aussie fell of daily high. In...
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Mar 6, 18 •
3257 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on UK services PMI higher than anticipated. Euro seems to stabilize as the markets slowly digest the Italian elections, while the developments on US trade policy will be the primary focus this week
Growth in the UK service sector picked up pace and signaled the strongest rate of service sector output growth for four months, the latest report from Markit Economics showed yesterday. UK services PMI was up from 53.0 in January and better than forecasted...
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Mar 5, 18 •
2804 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Official results of Italian votes are not expected to be soon, but projections point to a hung parliament
The Euro witnessed a mixed start to the week, initially having received a boost following the weekend’s German SPD’s vote in favor of the coalition deal. However, the upside was short-lived as sentiment soured on the Italian election’s projected outcome...