Dollar strength caps RMB-led optimism – OCBC
OCBC’s strategist Christopher Wong says Asian FX remains constrained by a firm Dollar and higher US yields, despite some optimism around US–China talks. The Renminbi (RMB) is the main outperformer on lower USD/CNY fixes and policy-tolerated appreciation, but broader Asia FX stays soft. The bank characterizes the backdrop as measured, selective optimism rather than a […]
Citi: Broadening is a necessary condition for meaningful index upside from here
Citi: Broadening is a necessary condition for meaningful index upside from here Source link
Gold (XAU/USD) Price Forecast: Range Compression Near Key Breakout Zone – FXEmpire
Gold (XAU/USD) Price Forecast: Range Compression Near Key Breakout Zone FXEmpire Source link
Markets shift focus to PMIs and central bank events
The US Dollar Index (DXY) climbs above the 99.30 region, reaching fresh multi-week highs on Friday as stronger-than-expected United States (US) economic data reinforced expectations that the Federal Reserve (Fed) may keep interest rates elevated for longer. April Retail Sales rose 0.5%, highlighting resilient consumer spending despite elevated borrowing costs, while hotter Consumer Price Index […]
Samsung Elec, South Korea union to resume pay talks on Monday, union says
Samsung Elec, South Korea union to resume pay talks on Monday, union says Source link
Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support – FXEmpire
Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support FXEmpire Source link
Chinese officials meet Citigroup, Goldman chiefs in Beijing
Chinese officials meet Citigroup, Goldman chiefs in Beijing Source link
Gold/USD – Forex Factory
Gold/USD Forex Factory Source link
Energy shock lifts inflation more than GDP – ING
ING’s Min Joo Kang expects Japan’s economy to maintain similar growth to the previous quarter, with first-quarter Gross Domestic Product (GDP) seen rising 0.3% quarter-on-quarter. The war-related energy shock is judged to have limited impact on trade and growth but a more visible effect on inflation. ING forecasts April inflation at 1.8% year-on-year, helped by […]
SpaceX shareholders approve 5-for-1 stock split , Bloomberg News reports
SpaceX shareholders approve 5-for-1 stock split , Bloomberg News reports Source link
