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Monday, July 8, 2024

Asia Market Movers | Bank of America doubts over US inflation returning to 2% - "gimme shelter (disinflation)"

Bank of America doubts over US inflation returning to 2% - "gimme shelter (disinflation)"

Bank of America say that the confidence of the Federal Reserve seeing inflation returning to 2% will come down to shelter inflation. BoA cite the importance of the sector due to its weight in cor CPI... 

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Analysts wary on the EUR in the wake of the French election

The left wing New Popular Front coalition is projected to have won the most seats in France's National Assembly after the election over the weekend. CBA analysts are wary that the parties in the coali... 

UK Chancellor Reeves speaks Monday: Focus on making economic growth a "national mission"

Coming up on Monday, a speech from Rachel Reeves, Britain's first female Chancellor Will cover topics such as: wholesale planning reforms to make it easier to build greater focus on driving through ke... 

Australian housing finance data for May -1.7% m/m (prior +4.8%)

Australian Home Loans for May 2024 -1.7%, dropping back from the strong performance in April: prior +4.8% Owner - Occupier Loan value -2.0% m/m prior +4.3% Investor Loan Value -1.3% m/m prior +5.6%... 

Bitcoin, Ether both slammed lower

Crypto coming under pressure. There is no obvious fresh catalyst We're on approach to Friday's low, there should be some work to do around here... 

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Latest Forex Orders

FX option expiries for 5 July 10am New York cut

There is just one to take note of, as highlighted in bold . That being for EUR/USD and a rather large one at that at the 1.0800 mark. However, the US holiday yesterday and dollar sluggishness on the w... 

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