The US markets remain remarkably steady overnight despite a string of soft US economic releases overnight. Disappointing job and services data failed to trigger any meaningful selloff in equities, while Dollar edged slightly lower. Market pricing for Fed policy remains broadly unchanged, with a 96% chance of a hold at the upcoming meeting and a […]
USD/CHF trades cautiously around 0.8200, while investors await key US NFP data for May. Disappointing US ADP Employment and ISM Services PMI data for May have battered the US Dollar. The Swiss CPI deflated by 0.1% in May, paving the way for more interest rate cuts from the SNB. The USD/CHF pair trades with caution
Major currencies are not doing all too much in the new day with lights changes being observed ahead of European trading. This comes after the dollar fell back again yesterday, continuing the back and forth movements since the start of the week. That is exemplified by USD/JPY which fell over 150 pips on Monday before
Foreign exchange structurers are seeing increased demand from US corporates for options-based hedges that can limit losses on their net investment hedges caused by the US dollar’s selloff. While the economic value of derivatives hedges offsets changes in foreign assets, when those positions hit maturity companies can face hefty mark-to-market payments. Bank structurers, though, say
President Donald Trump expressed strong disapproval of Federal Reserve Chair Jerome Powell on Wednesday, criticizing him for not implementing interest rate cuts. This demand came in the wake of ADP’s report indicating the weakest private sector job growth since March 2023. Via Truth Social, Trump noted, “Europe has lowered nine times!” His recent encounter with
NZD/USD gains traction to around 0.6035 in Thursday’s early Asian session. US ISM Services PMI unexpectedly contracted in May, the first time in nearly a year. The RBNZ might slow the pace of rate cuts as uncertainty grows. The NZD/USD pair extends the rally to around 0.6035 during the early Asian session on Thursday. The
Info via The Information: Amazon is developing software for humanoid robots that could eventually take the jobs of delivery workers, according to a person who has been involved in the effort. In doing so, Amazon is paving the way to automate a major part of its operation, the delivery of parcels around the world. This
South Korea’s gross domestic product contracted a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Bank of Korea said on Thursday. That was in line with expectations and unchanged from the previous three months. On an annualized basis, GDP was flat – beating forecasts for a drop of 0.1 percent
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
USD/MXN trades below 19.20 after testing a new YTD low at 19.16. US ADP Employment and ISM Services PMI data missed forecasts. Mexico responds to increased tariffs on steel and aluminum imports to the US. The Mexican Peso (MXN) is trading near a fresh year-to-date high against the US Dollar (USD) on Wednesday, which is
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Brazil’s service sector continued to deteriorate in May amid a further fall in new orders and inflationary pressures, survey results published by S&P Global showed on Wednesday. The seasonally adjusted S&P Global Brazil Services Business Activity Index rose to 49.6 in May from 48.9 in the previous month. However, any score below 50 indicates contraction.
As Norway’s property market experiences a cooling period, the House Price Index for May 2025 indicates a notable decline. The index has settled at 5.20%, a decrease from April’s 5.90% rate, marking a significant shift in the country’s housing sector. This data, updated on June 4, 2025, points to a potential easing after a period
Trading remains subdued as markets drift into the US session, with little conviction across asset classes. US futures dipped slightly after a dismal ADP employment report showing only 37k job additions in May, sharply below expectations. Still, the reaction was contained, with no clear evidence of a broad risk-off move. US President Donald Trump added
On Wednesday, the Bank of Canada (BoC) held its policy rate steady at 2.75%, aligning with the expectations of market analysts. BoC policy statement key highlights Uncertainty over US tariffs remains high; we will seek more information on US trade policy and its impacts. The BoC also cites unexpected firmness in recent inflation data and
Outstanding market performance reflects strong results May’s best stock in the FTSE 100 index was British Airways operator International Consolidated Airlines Group (IAG) after its first quarter (Q1) results and unchanged full-year outlook eased City fears about the potential impact of tariffs and economic turbulence on North Atlantic demand. The over 25% advance left IAG shares 11.5%
The USD/CAD forecast points south as the loonie strengthens ahead of a likely BoC pause. Market participants are waiting to see developments in trade negotiations. The US is set to release the nonfarm payrolls report on Friday. The USD/CAD forecast points south as the loonie strengthens ahead of a likely BoC pause. At the same
