Author: Omada Admin
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Loonie Lifts on Hot Core Inflation, But BoC Cut Still in Play
Canadian Dollar firmed modestly in early US trading after inflation data showed a sharper-than-expected pickup in core price pressures. While headline CPI slowed to 1.7% in April, the drop was largely due to a steep decline in energy prices. In contrast, underlying inflation picked up pace, with core measures such as CPI-median, trim, and common…
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Markets Eye Trade Deals, DAX Breaches 24000
Asian Session Market Wrap The MSCI Asia Pacific index rose by 0.4% after the S&P 500 nearly entered a bull market on Monday. Hong Kong stocks went up by 1.3%, with Contemporary Amperex Technology surging up to 18% on its first trading day. Markets shrugged off a Moody’s downgrade with risk assets largely continuing their…
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Euro Rises as US Dollar Comes Under Pressure Amid Budget Deficit Concerns
The EUR/USD pair climbed to 1.1243 on Tuesday, marking another attempt to break free from the narrow trading range it has occupied for over a week. This latest upward movement could prove more decisive than previous efforts. Key drivers affecting EUR/USD The US dollar came under sustained pressure in the previous session, driven by growing…
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GBP/USD Exits Bearish Channel
GBPUSD increases odds of bullish continuation. A break above 1.3440 could hand over control to the bulls. GBPUSD has broken above a bearish channel, as Moody’s credit downgrade of the US economy and improving EU-UK trade relations have brought bullish momentum into play. A close above the 20-day simple moving average (SMA), along with a…
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RBA Cuts Rates. AUD Declines
Today, the Reserve Bank of Australia (RBA) decided to cut the interest rate from 4.10% to 3.85%, continuing its easing policy after a previous cut from 4.35% in February. According to Reuters, the RBA today cited: → progress made in bringing inflation under control; → economic risks linked to the ongoing global trade war. Although…
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Gold (XAU/USD) Forecast: Stagflation Risk May Reignite Bulls
Gold (XAU/USD) has staged an impressive positive performance of 19% in the first quarter of 2025, which even outperformed other cross asset classes, such as the US S&P 500 (-4.6%), US Dollar Index (-4%), and Bitcoin/USD (-11.7%) over the same period. Gold (XAU/USD) rose 19% in Q1 2025, outperforming major asset classes like the S&P…
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RBA’s ‘Confident’ 25bps Rate Cut – Job Done But Uncertainties High
RBA cuts cash rate by 25bps as expected, policy still restrictive. Inflation now comfortably in the 2–3% target range with balanced risks. As we expected and the market was pricing, the RBA cut the cash rate target by 25bps at its May Monetary Policy Board meeting. This brings the cash rate target to 3.85%, which…
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Euro Area Consumer Confidence Due Today
In focus today In the euro area, we will receive consumer confidence data for May, which will show how consumers have reacted to the improvements in trade talks between the US and China and following risk on sentiment in markets. In Denmark, the government releases a new economic forecast, which according to media reports will…
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PBoC, RBA Cut Rates
The People’s Bank of China (PBoC) and the Reserve Bank of Australia (RBA) lowered their interest rates today, hoping to tame and counter the negative impact of the global trade war on their economies and job markets. The moves were expected and received mixed reactions across stock markets. The CSI 300 index is up by…
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Both Bonds and Stocks Fully Erased Intraday Losses But Dollar Did Not
Markets The 30-yr bond yield at some point yesterday surged more than 13 bps, including last Friday’s late-session move, to 5.03%. Trump’s Big Beautiful but costly Bill getting shaped in the House only proved Moody’s point for its AAA-rating downgrade and added fuel to the fire. But the Treasury sell-off lured dip buyers into the…