Inflation expectations in the United States jumped to an eight-year high as the latest economic data indicate a strong rebound going forward, according to Bloomberg. The 10-year breakeven rate, or where investors see annual inflation rates for the next decade, hit 2.4% on Tuesday. This is the first time the rate was seen since April 2013.Reflationists have been looking at … [Read more...] about U.S. Inflation Outlook Hits Highest Since 2013
Forex News
Pound Weakness Persists As GBP/JPY Tanks and EUR/GBP Rallies
The US dollar is under pressure at the start of the week and ahead of a key policy meeting of the Federal Reserve.The euro is strengthening across the board, gaining ground against the dollar and the pound supported by impressive economic data.Gold is struggling to break above the $1,800 level after recent price gains despite dollar weakness. The US dollar is on the back … [Read more...] about Pound Weakness Persists As GBP/JPY Tanks and EUR/GBP Rallies
USDCAD Momentum Opportunity as the BOC Is Tapering Money Supply
There is some good stuff happening in the economy that can feed the US permabulls’ zeal. The labor market has improved as the US Unemployment claims decreased again last week. Flash Manufacturing and Service PMIs were also positive not only in the US but in Europe too. On the flip side, Joe Biden’s capital gains tax hike puts pressure on indices and arguably causes the … [Read more...] about USDCAD Momentum Opportunity as the BOC Is Tapering Money Supply
U.S. Unemployment Claims Fall To Lowest Since Pandemic
Unemployment claims in the United States fell in the previous week to the lowest level since the pandemic started, data from the DOL showed. Seasonally adjusted initial claims were recorded at 547,000 in the week ending April 17, the lowest level since March 14, 2020 at 256,000.The latest claims is 39,000 less than the previous week's revised level of 586,000, also the … [Read more...] about U.S. Unemployment Claims Fall To Lowest Since Pandemic
European Central Bank Stands Pat On Stimulus Settings
The European Central Bank kept stimulus settings in place to assert that current conditions are enough to keep the economy in line for a rebound, according to Bloomberg. The deposit rate was kept steady at -0.5%, as officials said they will continue to provide long-term loans to lenders in efforts to keep credit flows to businesses and households.The pandemic-bond buying … [Read more...] about European Central Bank Stands Pat On Stimulus Settings
