Market Update – January 27 – Strong US data = Soft Landing ?
The major US economic data yesterday (Q4 GDP lower; 3.9% from 4.2% but better than expected 3.6%, strong consumer spending, Durable goods, New Home Sales, Lower Inventories and Weekly Claims at new 22-mth lows) all added to the soft landing, disinflation, scenario for the US economy. A FOMC 25bp hike next […]
“Soft landing” is the new “transitory inflation” – “markets look vulnerable”
BNP Paribas saying its way too early to dismiss recession fears (Deutsche Bank says the same, more to come from them below). BNP: “Soft landing” has been the catchphrase of a still-young 2023. But we think it will go out the window in the same fashion as “transitory inflation” did in 2022. As growth slows […]
Aussie falters on soft jobs data, kiwi calm after Ardern resignation By Reuters
© Reuters. FILE PHOTO: An Australian one dollar coin can be seen amongst various other Australian coins at a store in Sydney, Australia, February 11, 2016. REUTERS/David Gray By Stella Qiu SYDNEY (Reuters) – The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data […]
Dollar under pressure as consensus over soft inflation figures in 2023 grows
The dollar fell to its lowest level in 7 months, and bond yields stabilized after a sharp fall on Thursday, as another decline in major US inflation indicators raised hopes for an early end to the Federal Reserve's tightening cycle, and even its first rate cut in the second half of the year.On Friday, the […]
Seeing path to soft landing for US economy
US Treasury Secretary Janet Yellen told the NPR on Friday that inflation has been quite moderate for the last six months but noted that rent indexes were still rising. Yellen further added that she was expecting rent indexes to come down substantially in next six months and said that she sees a path to loft […]
USD/CHF shifts negative and drops toward 0.9260 on soft USD
USD/CHF retraced earlier gains after printing a daily high of 0.9316. Upbeat US economic data is bad for the greenback as the US Dollar weakens. USD/CHF Price Analysis: A break / daily close below 0.9300 would expose the pair to further selling pressure. The USD/CHF is trading below its opening price, though it failed to […]
WTI hovers around $73.60 despite a soft US Dollar
WTI is set to end the week with substantial losses of 8.40% The jobs report showed a slowdown in wages, while the labor market remains resilient. WTI failed to capitalize on US Dollar weakness after the US Services PMI shrinkage Western Texas Intermediate (WTI), the US crude oil benchmark, hovers at around $73.70s, almost flat, […]