Cautious stance and inflation guidance in focus – Rabobank

Cautious stance and inflation guidance in focus – Rabobank

Rabobank’s Senior FX Strategist Jane Foley notes that earlier market surveys showed a strong chance of a Bank of Japan (BoJ) rate hike this week, but Governor Ueda’s lack of clear hints at IMF/World Bank meetings shifted expectations to June. The BoJ remains cautious, focusing on core inflation and is widely expected to revise up […]

Data-heavy week shapes macro narrative – TD Securities

Data-heavy week shapes macro narrative – TD Securities

TD Securities strategists Oscar Munoz and Eli Nir outline a busy United States (US) data calendar that will guide US Dollar (USD) traders, including Gross Domestic Product (GDP), Personal Consumption Expenditures (PCE) Price Index inflation, ISM manufacturing and consumer confidence. They expect Q1 GDP to rebound to 2.2% q/q annualized, core PCE to ease, and […]

AUD/USD rallies to 10-day highs near 0.7200 amid US Dollar weakness

AUD/USD rallies to 10-day highs near 0.7200 amid US Dollar weakness

The Australian Dollar (AUD) accelerates its rally against a weak US Dollar (USD) on Monday, reaching 10-day highs at 0.7190 at the time of writing, after bouncing from lows near 0.7100 last week. News of a peace proposal from Tehran and hopes that high energy prices will boost inflation and force the Reserve Bank of […]

Gold holds range as USD softens, focus shifts to FOMC meeting

Gold holds range as USD softens, focus shifts to FOMC meeting

Gold (XAU/USD) struggles to build on a modest intraday move up, though it manages to hold above the $4,700 mark through the first half of the European session on Monday. Iran reportedly gave the ‌US a new proposal ​on ​reopening the Strait of ​Hormuz and  ​ending the war, with ​nuclear negotiations ​postponed for a ‌later […]