Busy Week for the USA, Relatively Lighter for Other Markets
The central bank activity continues this week with meetings from the RBA, SNB, and Banxico. Last week saw significant divergence among central banks, with rate cuts in the U.S., hikes in Brazil, and unchanged rates in Japan, England, and China....
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This Week is All About Central Banks!
After last week’s ECB 25 bps rate cut, all eyes are now on the Fed to see if it will finally cut rates by 25 bps or take a more aggressive approach with a 50 bps interest rate cut. However,...
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A Huge Week Ahead with ECB in Focus!
Following a mixed NFP report, this week will bring crucial economic data, including the US CPI report, which could influence the Fed’s upcoming decision. The spotlight will also be on the ECB’s interest rate decision, along with key data from...
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Otet View on Saturday, May 25, 2024
Recent U.S. economic data has once again surprised market participants with better-than-expected PMI numbers and a strengthening labor market, as only 215,000 people applied for unemployment benefits. Additionally, durable goods orders exceeded expectations, suggesting that the manufacturing sector is on firmer footing....
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Otet View on Saturday, May 18, 2024
Economic data this week confirmed that, despite a decrease in inflation, the Consumer Price Index (CPI) remains high at 3.4%, significantly above the Federal Reserve’s 2% target. Additionally, U.S. retail sales have started to show weakness, as indicated by the Leading Economic Index (LEI)...
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