Forex Market Analysis & Articles
Investors have poured $508 billion into cash in the first quarter, the most since the pandemic.
BofA Investment Bank: Investors have poured $508 billion into cash in the first quarter, the most since the pandemic, the largest quarterly increase in cash holdings since 2001. Our analysis shows that the increase in cash holdings is likely due ...
German industrial orders surged in February
Industrial orders have now rebounded sharply since November, brightening the outlook for German industry. However, the US slowdown and the longer-term fallout from recent financial turmoil, as well as the broader impact of monetary policy tightening, could sti...
The JOLTS index fell below 10 million for the first time since May 2021.
The US factory orders index was reported as -0.7%. US employment statistics - February fell below 10 million jobs, which is the first and most important sign of the end of US interest rate hikes, as well as increased fear of recession.
Bullish gap for crude oil at market opening, thunder for oil buyers
OPEC, Saudi Arabia and other countries in the Persian Gulf region announced a reduction in daily production of one million barrels of oil.
IMF Says BOJ Should Avoid Premature Exit from Monetary Easing
The International Monetary Fund said the Bank of Japan should avoid a premature exit from monetary easing, advising it to maintain its policy framework.
Analysts evenly split between 0.25% hike and no rate hike
RBA April 4 meeting poll: Analysts evenly split between 0.25% hike and no rate hike Out of 27 analysts, 14 of them believe that the interest rate will increase and 13 of them expect a pause.
German inflation drops but there’s no sign of broader downward trends
German headline inflation dropped in March to the lowest level since last summer. However, there are still no signs of any broader disinflationary trend outside energy and commodity prices
Inflation is likely to come down sharply in the UK, it's very high
Bank of England, Andrew Bailey BOE: Inflation is likely to come down sharply in the UK, it's very high. The economy is stronger than expected, but wages are weakening.
China’s central bank pumps more liquidity into market
The People's Bank of China has already cut its Required Reserve Ratio and has continued to pump liquidity into the money market over the past few days. Is this about global market volatility or is it more about the domestic economy?
German Ifo continues upward trend
Another improvement in sentiment in the German economy as the Ifo index increased for the sixth month in a row in March. However, we fear that the latest financial turmoil will reach the real economy in the coming months.
Bank of England hikes by 25bp
7 members out of 9 voting members of the Bank of England voted to increase and 2 members voted not to change the interest rate.