Weak US Data Cooled Rate Bets; Australia inflation Below Expected

[ad_1] Wall Street took comfort from several downside surprises in US macro data overnight, with the data taming some rate hike bets and saw US Treasury yields decline. The US two-year yields were down 11 basis-point (bp), reversing all of last week’s gains, while the 10-year yields were down 8 bp to deliver a two-week

Dollar wobbles as investors ponder ‘higher for longer’ rate path By Reuters

[ad_1] © Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/file photo By Ankur Banerjee SINGAPORE (Reuters) – The dollar eased from a 12-week peak on Monday as traders weighed the U.S. monetary path after Fed Chair Jerome Powell left open the possibility of further interest rate increases, while

Could call for more rate hikes if inflation retreat stalled

[ad_1] Share: Federal Reserve Bank of Philadelphia President Patrick Harker told Bloomberg on Friday that he doesn’t see the need now for additional rate increases but added that he could call for more hikes if inflation retreat stalled. Additional takeaways “Should hold rates steady and see how policy affects the economy.” “Labor markets

No Respite for Aussie after Reserved China Rate Cut

[ad_1] AUD/USD ANALYSIS & TALKING POINTS Lack of Chinese stimulus weighs on Aussie dollar. RBA’s higher for longer > Federal Reserve. Turnaround or continuation for AUD/USD? Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar is trading at extreme levels this Monday as the PBoC decided to modestly

Stock Indices Steady as PBOC Reduces its 1-Year Loan Prime Rate to a Record Low

[ad_1] Article by IG Senior Market Analyst Axel Rudolph FTSE 100, CAC 40, Nasdaq 100 Charts and Analysis ​​​FTSE 100 stabilises at support ​Following six consecutive days of falling prices, the FTSE 100 managed to find support between its March and July lows at 7,216 last week and is little changed on Monday morning as

GBP/USD rebounds on risk appetite improvement, BoE’s rate hike expectations

[ad_1] Share: GBP/USD rises 0.22% as market sentiment remains upbeat, with NVIDIA earnings and BoE rate hike prospects in focus. Interest rate differential between the US and UK narrows, potentially pushing GBP/USD towards the YTD high of 1.3147. Technicals indicate resistance at the 50-DMA of 1.2791; a breach could target 1.2995, while support