Markets are kicking around the idea of a Federal Reserve rate cut in September, but Morgan Stanley isn't sure, warning that the odds may be closer to 50-50 despite widespread expectations. Strong economic indicators including solid GDP growth, healthy financial conditions, and low volatility stand in the way of a clear case for easing, the bank said in a recent report. Nominal GDP growth remains robust at over 5%, unemployment holds steady at 4.2%, and retail sales continue surpassing expectations, reflecting an economy far from needing stimulus, Morgan Stanley's economists said. "It cannot...
The Japanese Yen (JPY) fell again in Asia to levels below 154.00 against the US currency, although there was no follow-through buying amid uncertainty over the Bank of Japan's (BOJ) rate hike plans. Japan's fragile minority government is expected to make it difficult for the BOJ to tighten its monetary policy. Moreover, the BOJ's Summary of Opinions from its October meeting revealed that policymakers were divided on whether to raise interest rates again. This, coupled with concerns over President-elect Donald Trump's tariffs returning, supported the JPY. Meanwhile, Trump's expansionary...
The Australian dollar depreciated past $0.656 on Tuesday(12/11), sliding toward its weakest levels in three months as the greenback continued to dominate on expectations that US economic outperformance and aggressive trade practices under a Trump presidency could drive up inflation. Additionally, weak economic data and a disappointing stimulus package from China, a key trading partner, added further pressure. The Australian dollar is often seen as a liquid proxy for the Chinese yuan, and its decline reflects ongoing concerns about China's economic outlook. Domestically, Australia's consumer...
West Texas Intermediate (WTI), the US crude oil benchmark, was trading around $68.00 on Tuesday (11/12). WTI prices moved lower amid concerns that the Trump administration will trigger a tariff-led trade war and concerns about demand growth in China. Donald Trump's victory in the US presidential election may continue to affect WTI prices. Trump has announced his intention to impose blanket tariffs ranging from 10% to 20% on all imports and additional tariffs on up to 60% of products imported from China. A renewed trade war with China is also likely to hurt economic growth in China, delaying...
Bullion prices were steady after falling 2.5% in the previous session. The dollar gauge rose to its highest in a year, with markets expecting more gains related to Trump's trade tariffs and solid U.S. economic growth. A stronger dollar makes commodities priced in the currency more expensive for most buyers. The precious metal has fallen more than 4% since last week's election, as hedge funds unwound bullish bets and exchange-traded fund flows became less supportive amid a broad rotation into U.S. equities. The selling was also "partly technical" after a break below its 50-day moving average...
Harga perak (XAG/USD) melanjutkan penurunannya baru-baru ini berada di area $30-an per troy ons pada Selasa (12/11) yang merupakan level terendah dalam hampir dua bulan karena lonjakan baru dalam sentimen risiko menekan permintaan. Sementara prospek kebijakan fiskal ekspansif di AS menjelang masa jabatan kedua Donald Trump mendorong investor untuk beralih dari aset aman ke ekuitas dan mata uang dolar AS, sehingga menekan perak. Sebaliknya, Tiongkok menahan diri untuk tidak menciptakan aliran stimulus fiskal baru dan memilih untuk merestrukturisasi utang publik dalam langkah-langkah fiskal...
President Donald Trump said he would fire Lisa Cook from the Federal Reserve's Board of Governors if she does not resign her post over mortgage-fraud accusations from a top...
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.1% during its April meeting, holding borrowing costs unchanged after slashing 25 bps in the February meeting, aligning with market...