Fxdaily
US equity benchmarks continue to push higher as most of the big tech stocks close in on bullish target prices. Chinese equities, however, fxdaily, continue to languish as Chinese authorities institute fxdaily array of measures to slow fxdaily decline. This divergence can only be helping the dollar. Today we have policy meetings in the Czech Republic and Mexico.
March may not give us conclusive answers on US inflation, the economy or on when the Fed will cut, but it will tell us whether markets now require sharper US data declines to re-enter easing bets. The dollar may still struggle to find clear direction in March, but we expect USD bearish pressure to intensify from the second quarter. US PCE figures - released yesterday - confirmed what most had expected: inflation stayed too hot in January. However, as discussed by our US economist here , there are still hopes that the disinflationary process will resume in time for a June rate cut by the Federal Reserve. Personal income and spending figures came in strong too, but real household disposable income did not grow at all in January. We must remember how crucial this is to fuel real consumer spending now that excess savings have almost entirely run down: with the spending push likely to ease, inflation should come down more steadily.
Fxdaily
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See all popular ideas. See all brokers. EN Get started. This Wednesday morning, the trading atmosphere for this currency pair is remarkably tranquil.
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The question is whether they will merely follow the Fed lower with rates or feel confident enough to cut before the Fed. Share Twitter LinkedIn E-mail. But from the equity analyst community anyway, the consensus is that there is more to come. Accounts Last accounts made up to 31 May Similarly, a rate cut before June seems unlikely. Personal income and spending figures came in strong too, but real household disposable income did not grow at all in January. Frantisek Taborsky. Back to the short term and we have recently been discussing the event risk of this Friday's US CPI benchmark revisions. Hide this message. Also in the Czech Republic, the state budget for February will be released, which should show more on fiscal policy consolidation after a slightly negative number in January. In the long-term, however, we think that after the 50bp rate cut and January inflation, the market should have hit the limit of what can be priced in and the CZK should start appreciating again later this year thanks to the economic recovery, good current account results and falling EUR rates improving the interest rate differential. US PCE figures - released yesterday - confirmed what most had expected: inflation stayed too hot in January. Read more. Company type Private limited Company Incorporated on 17 May
Forex, short for foreign exchange, refers to the decentralized global market where individuals, institutions, and governments trade currencies. The forex market allows traders to buy and sell currencies with the aim of making a profit from the fluctuations in exchange rates. Currencies are traded in pairs, and the value of one currency is always expressed in terms of another.
However, surveys prefer 25bp. Frantisek Taborsky. A stable Czech koruna and stronger Polish zloty and Hungarian forint. You've rejected analytics cookies. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. FX Strategist. Companies House does not verify the accuracy of the information filed link opens a new window. But from the equity analyst community anyway, the consensus is that there is more to come. Officials have been looking at an array of measures to arrest the decline, including bans on short-selling, strategic ETF purchases and most recently personnel changes at the top of the China Securities Regulatory Commission. But on the other hand, we believe that the market positioning is already heavily short and rates are already pricing in the vast majority of CNB rate cuts. FX remained almost unchanged yesterday despite higher volatility and our view remains the same, too.
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