Pippo

The RBA noted that inflation may be easing more slowly than they expected. Will May’s CPI figures support the central bank’s hawkish biases?

Market correlations seem to be off so far this week, as commodities edged higher while stocks and bitcoin tumbled. What’s up with that?!

Thanks to the Bank of Canada’s (BOC) shift to a more dovish stance this month, traders are paying extra close attention to Canada’s CPI figures to gauge if another cut is due soon.

Traders are in for a relatively less busy economic calendar with the spotlight on inflation updates from Japan, Canada, and Australia.

The Aussie and Loonie dominated FX price action while the Japanese yen saw downtrends despite rate hike talks from the BOJ. What’s up with that?!

The markets were trading on headlines-specific price action before top-tier reports later in the week inspired adjustments to central bank biases.

The market spotlight was focused on a couple of major central bank announcements, with one delivering a surprise rate cut. How did the rest of the asset classes fare?

As expected, the Bank of England (BOE) kept interest rates on hold at 5.25% in a 7-2 MPC vote this June. However, the central bank had some hints about their future policy moves.

Contrary to consensus expectations of no change in policy, the Swiss National Bank (SNB) delivered another surprise rate cut of 25 basis points in this week’s announcement.

The major assets traded in ranges as traders stayed on the sidelines during a U.S. bank holiday and ahead of this week’s anticipated reports.