Key Takeaways 💶 Euro fell after Macron called for snap legislative election 💵 Dollar was supported by strong jobs report, cooling rate cut expectations 🇪🇺 Eurosceptic nationalists made gains in European Parliament elections 📉 Euro slid to one-month low against the dollar 💰 Markets now expect 36 basis points of Fed cuts this year 🇯🇵 … Read more
Key Takeaways: 💵 Asian currencies retreated due to dollar rebound after strong nonfarm payrolls report 🇪🇺 Euro hit one-month low amid political uncertainty in EU elections 🌏 Limited regional trading volumes due to market holidays in China, Hong Kong, and Australia 🏦 Federal Reserve meeting this week expected to keep rates on hold, closely watched … Read more
Key Takeaways 💡 Political uncertainty in India following election results could influence market sentiment in the short term 📈 Citi Research maintains macroeconomic forecasts for growth and inflation despite the uncertain political landscape 🏦 RBI’s Monetary Policy Committee focusing on fiscal implications of upcoming budget in June 2021 policy meeting 📉 Three key factors anticipated … Read more
Key Takeaways 💵 Dollar fell to a three-week low on Monday 📉 Dollar index dropped, hitting a two-week low against the yen 📊 U.S. data showed a slowdown, including lower manufacturing and construction spending 🇺🇸 Markets are considering a rate cut by the Federal Reserve later this year 💶 Euro gained against the dollar, hitting … Read more
Key Takeaways: 📈 Political uncertainty in India post-election results may impact market sentiment in the short term 💰 The RBI is maintaining stability and focusing on mitigating volatility during uncertain times 🧐 Markets are monitoring fiscal slippage risks, foreign investor sentiment, and interest rate policy discussions 📉 Bond yields are not expected to show a … Read more
Key Takeaways 💲 Dollar surged on strong jobs report, cooling bets on Fed rate cut for September 📉 Unlikely to signal major reversal in USD weakening trend 📈 Odds of September rate cut fell to 45% 📈 Strong jobs market and stubborn inflation may lead Fed to continue signaling rate cuts 💵 US CPI report … Read more
Key Takeaways 💵 The dollar fell to a three-week low based on data pointing to a slowing U.S. economy 📉 The U.S. dollar posted its first monthly decline of the year in May 🇪🇺 The Euro gained against the dollar to a three-week high 🛠️ The U.S. Institute for Supply Management’s (ISM) purchasing managers index … Read more
Key Takeaways: 💵 Dollar had a surge due to stronger jobs report and reduced September rate cut bets 🔮 Major reversal in USD weakening trend requires doubt on Fed rate cut this year 📉 Odds of September rate cut fell after NFP report and supporting economic data 📊 Fed may signal multiple rate cuts despite … Read more
Key Takeaways: 💵 Dollar falls to three-week low on weaker U.S. economic data 📉 U.S. manufacturing sector shrank in 18 of the last 19 months 🌍 Markets starting to question U.S. exceptionalism theme 🇺🇸 Likelihood of a rate cut in September increases to around 59.1% 🏦 European Central Bank almost certain to cut rates, markets … Read more
Key Takeaways: 💵 Dollar strength has been on the rise due to the strong US economy and diminishing hopes of a near-term Federal Reserve policy change 📈 The dollar benchmark rose nearly 0.8% to the highest level in over a month after positive nonfarm payroll data 📉 Odds of a Fed rate cut have been … Read more