“Credit Suisse: Unveiling Secrets Beneath the 4195 YTD High – Reach the Top in Style!”
The S&P 500 remains capped below its year-to-date high of 4195, and analysts at Credit Suisse maintain their bias of looking for a top, which will be confirmed if the index falls below the 4052/48 range. With the daily MACD momentum having turned lower, the broader risk is shifting towards a “risk off” phase, suggesting […]
April Sees Significant FX Reserves Dip: UOB Uncovers Surprising Changes
Enrico Tanuwidjaja and Junior Economist Agus Santoso, economists at UOB Group, have reviewed the latest release of foreign exchange (FX) reserves in Indonesia. In April 2023, Indonesia’s foreign exchange reserves slightly decreased by $1 billion to reach $144.2 billion. This latest reserve level is enough to finance 6.4 months of imports or 6.3 months’ worth […]
“EUR/PLN Skyrockets Towards 4.75, Commerzbank Predicts Huge Gains!”
Economists at Commerzbank have recently revised their EUR/PLN forecast path, albeit only slightly lower. They predict that the Euro will remain strong through 2023 but weaken once again during 2024. With the Zloty’s high-beta relationship to the Euro, they see the EUR/PLN rising towards 4.75 as inflation in Poland will likely remain stubbornly above target. […]
“Unveiling Exciting FX Option Expiries for May 11: Don’t Miss the NY Cut Action!”
Foreign exchange option expiries as of May 11, New York Cut at 10:00 Eastern Time, as sourced via The Depository Trust & Clearing Corporation (DTCC), are detailed below. For EUR/USD, key EUR amounts are expiring at the following rates: – 1.0895-1.0900 with a notional size of €1.7b – 1.0925 with a notional size of €1.7b […]
Discover the Exciting Battle: 6.9101 Takes on Last Close of 6.9288 – Who Will Triumph?
The People’s Bank of China (PBOC) plays a crucial role in controlling the yuan’s exchange rate on the mainland. This involves setting a daily midpoint fix each morning, based on the yuan’s closing level the previous day and quotations taken from the inter-bank dealer. It is important to note that there are two versions of […]
“April’s Core CPI Signals Looming Inflation as June’s FOMC Meeting Approaches – TDS Insights”
Data from the US released on Wednesday showed a decline in the annual Consumer Price Index in April in line with expectations. Analysts at TD Securities point out that April core CPI still suggests underlying inflation is likely to remain sticky ahead of the June FOMC meeting; they are of the view that a final 25bp rate […]
April Treasury Surplus Hits $178 Billion, Falling Short of $235 Billion Forecast
The United States Treasury Department has reported that the government registered a $178 billion surplus in April 2023. This figure, however, came in below the expected $235 billion. In the month under review, total receipts amounted to $638 billion, while outlays stood at $426 billion. Comparatively, in April of the previous year, the fiscal surplus […]
“EUR/GBP Plummets to 0.86: Credit Suisse Predicts Massive Downturn Ahead!”
Rewrite and expand this content to 900 words Share: EUR/GBP is already below key support from its lows for the year and 200-Day Moving Average (DMA) to suggest a top is already in place here, analysts at Credit Suisse report. Resistance at 0.8770 set to cap “EUR/GBP has broken key support from the […]
“S&P 500 Traders Hold Positions as Anticipation Builds for Upcoming CPI Release – Don’t Miss Out!”
that the release of the April Consumer Price Index (CPI) will provide stock bulls with further evidence of declining inflation. This report, expected to be released today, has the potential to significantly impact investor sentiment and the performance of various assets. In recent months, market participants have increasingly focused on inflationary pressures as a potential […]
“Market Sell-off May Shatter Deadlock: ING Predicts Short-Term USD Bull Surge!”
The US debt ceiling impasse is increasingly becoming a short-term supporting factor for the US Dollar, according to economists at ING. The recent meeting between President Joe Biden and Congressional Republicans did not result in substantial progress towards an agreement, and while Republican leader Mitch McConnell downplayed the risk of a US default, he acknowledged […]