It was always going to be a tough one. Japan’s ministry of finance (MOF) know very well that they are going up against a striking fundamental backdrop that dictates the yen to be lower. With the US-Iran war still ongoing, there is no change to the fact that all the factors in play are pointing […]
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The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. Injects 500mn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%. This article was written by Eamonn Sheridan at investinglive.com. Source link
The service sector in Japan continued to expand in April, albeit at a slower pace, the latest survey from S&P Global revealed on Friday with a services PMI score of 51.0. That’s down from 53.4 in March, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Subscribe to continue reading
Japan’s overall wage income growth eased in March 2026, indicating a loss of momentum after a strong gain in the previous month. According to the latest data updated on 7 May 2026, overall wage income of employees rose 2.7% in March, down from 3.4% in February 2026. The slowdown suggests that while pay packets are
Deutsche Bank warns markets are pricing the Iran conflict inconsistently across equities, rates and credit, with long-run inflation faith looking increasingly difficult to sustain. Summary: Deutsche Bank notes a clear repricing across markets since the Iran conflict began, but identifies significant inconsistencies across asset classes and regions, according to the bank’s research note US Treasury
Taiwan will on Friday release April figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In March, imports were up 38.3 percent on year and exports jumped an annual 61.8 percent for a trade surplus of $21.27 billion. Malaysia will provide March numbers for industrial production; in February, production
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Markets jumped to new highs early this morning as investors felt hopeful about diplomatic progress. But by midday, those gains disappeared. It became clear that risk assets had risen too quickly, and overall sentiment turned negative. Tensions in the Gulf quickly returned, pulling markets back down. Optimism faded after reports that Iran had fired missiles
NY Fed Pres John Williams is speaking (voter) and says: There is a lot of uncertainty in the economy right now Economy perform better last year than many expected. Economy has shown a lot of resilience, amid stable job market. The data support idea of K shaped economy, lower income families under pressure. Interest rates
Benedict Carter, the global head of electronic FX and spot trading at Deutsche Bank, has retired, FX Markets understands. Carter spent over 15 years at the German bank, beginning as an e-FX spot trader in London, before later becoming global head of the quantitative spot FX trading desk in 2022. He left the bank last month.
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
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Markets appear to be entering a new phase of post-conflict positioning, with oil prices falling again on hopes of a full reopening of the Strait of Hormuz while precious metals begin rebuilding bullish momentum. The sharp moves across commodities suggest investors are increasingly looking beyond the immediate US-Iran conflict and starting to reposition for a
XRP Outlook: ETF Momentum, Regulatory Clarity and Institutional Adoption Drive Renewed Interest XRP has returned to the spotlight over the past month or so as investors reassess the cryptocurrency’s longer-term role within digital payments and institutional finance. Improving regulatory clarity, renewed ETF optimism and continued development on the XRP Ledger have all contributed to a more constructive
Ireland’s unemployment rate decreased in April after remaining stable in the previous two months, preliminary data from the Central Statistics Office showed on Thursday. The seasonally adjusted unemployment rate dropped to 4.8 percent in April from March’s stable rate of 5.0 percent. In the corresponding month last year, the rate was 4.6 percent. Subscribe to
I preferred to adjust wording that signals cutting bias I still expect rate cuts down the road Rates will likely remain on hold for a longer period The odds of worse inflation scenario have increased Alternative scenario could make the Fed consider a hike Fed’s Collins is not a voter this year, so we haven’t
