The U.S. Treasury yields are on the rise as investors eagerly await critical economic indicators to gain insights into the economy and determine the potential trajectory of interest rates. Specifically, the 10-year yield saw an increase of over two basis points to reach 4.6414%, while the 2-year yield followed a similar upward trend. With the
Forecasts
The recent weakening of the Japanese Yen has raised concerns about potential spikes in import costs and inflation. This could have significant implications for household spending and the overall Japanese economy. As the Yen depreciates, the cost of importing goods and services from other countries could increase, leading to higher consumer prices domestically. The Bank
Australia heavily relies on China for its exports, with one-third of its exports going to Chinese markets. This dependence on Chinese trade plays a significant role in the Australian economy, with around 20% of the workforce in trade-related jobs. Any changes in trade terms with China could have a direct impact on job creation and
As we head into a new week, it is crucial to keep a close eye on various market indicators. The Research Team emphasizes the importance of monitoring not only the 2-year and 10-year UST yields but also the US Dollar Index and energy markets, specifically oil and gold. These indicators can give us valuable insights
Economic indicators play a crucial role in shaping investor sentiment and influencing trading decisions in the financial markets. In particular, the USD/JPY currency pair is closely watched by traders, with various indicators impacting its price movements. Let’s delve into how key economic indicators are expected to affect USD/JPY trading in the upcoming week. Economists are
Procter & Gamble (PG), American Express (AXP), and Schlumberger (SLB) are scheduled to release their quarterly earnings reports before the market opens on April 19, 2024. Procter & Gamble is expecting a modest increase in earnings, with a projected growth rate of 3.65%. Meanwhile, American Express anticipates a more substantial 23.75% rise in earnings, rebounding
The Bank of Japan’s decision to exit negative interest rates has had a significant impact on the USD/JPY exchange rate, causing it to tumble to the 154 handle. This move was influenced by forward guidance, which affected buyer demand for the Japanese Yen. The BoJ signaled the need for accommodative policy measures, leading to a
The CME FedWatch Tool recently showed a decline in the probability of a June Fed rate cut, dropping from 20.7% to 18.8% on April 16. This shift comes after a significant decrease from 56.1% to 20.7% just a week prior on April 9. Additionally, bets on a September rate cut have also become less dovish,
The global economy is currently facing a period of uncertainty, with forecasts for industrial production and retail sales pointing towards weaker trends. Economists are predicting that retail sales will only advance by 4.5% year-on-year in March, down from the 5.5% increase seen in February. Similarly, industrial production is expected to increase by 5.4% year-on-year in
Looking beyond just the numbers, it is crucial for investors to closely monitor the commentary coming from the Bank of Japan. The central bank’s responses to the escalating threat of a prolonged conflict in the Middle East could have a significant impact on the market. Any statements or actions taken by the Bank of Japan
The release of inflation figures plays a crucial role in influencing the rate path set by the Bank of Japan. Specifically, service sector-driven inflationary pressures can provide insights into potential discussions around the timing of an interest rate hike. Economists are predicting that the annual inflation rate will hold steady at 2.8% for the month
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