Weekly Market Outlook (27-31 May)
The first part of the week is a bit dull on the data front with most of the top tier indicators releasing in the final two days.
Source: forexlive.com
Fed Beige News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Top News In Fed Beige Today - Breaking & Trending Today
Markets Scaled Back Expectations for March Fed Rate Cut to About 50%
Markets scaled back expectations for a March Fed rate cut to about 50%. Later in the session, the Fed Beige book indicated that there was little change in economic activity. At the same time, holiday sales held up well and contact indicated that the prospect of Fed rate cuts is a source of optimism going forward. German yields added between 9.8 bps (2-y) and 0.4%(30-y).
Source: actionforex.com
Davos continues to throw cold water on rate cut expectations
- Falling equities corresponding with rising US dollar, which has been given momentum from Fed Waller hawkish commentary and geopolitical tensions in the Red Sea.
Source: fxstreet.com
Euro nudges higher as Lagarde pushes back ECB easing hopes
The Euro picks up as risk aversion eases, although the broader bearish trend remains intact.
Source: fxstreet.com
Fed Beige Book Reveals Holiday Cheer For US Economy: Tourism Spending Runs Hot, But Real Estate Worries Surface - VanEck ETF Trust VanEck Office and Commercial REIT ETF (ARCA:DESK), Boston Props (NYSE:BXP)
Fed Beige Book shows consumer resilience, higher leisure travel patterns and, at the same time, a fall in manufacturing activity.
Source: benzinga.com