WSJ’s Nickileaks prepping the ground for FOMC tomorrow: “Powell is likely to repeat a message he delivered two weeks ago, when he said recent data had ‘clearly not given us greater confidence’ that inflation would continue declining to 2% ‘and instead indicate that it’s likely to take longer than expected to achieve that.'” Read More
Philip Lowe warns rates could rise again Patrick Durkin and John Kehoe May 6, 2024 – 5.00am https://www.afr.com/policy/economy/philip-lowe-warns-rates-could-rise-again-20240505-p5fozd Former Reserve Bank of Australia governor Philip Lowe has joined former governor Glenn Stevens in warning the fight against inflation “isn’t done” and any upside surprises would “mean the case for increasing interest rates would mount”. Governor Michele Bullock is expected to upgrade the bank’s near-term inflation forecasts and use more hawkish […] Read More
Jobs, inflation data key to next interest rate move Michele Bullock is keeping her cards close to her chest ahead of key inflation data which will decide the RBA’s next move. Terry McCrann May 7, 2024 – 5:41PM https://www.heraldsun.com.au/business/mccrann-jobs-inflation-data-key-to-next-interest-rate-move/news-story/d91efad8739a703f65bd052354f9f8fd Interest rates. It’s now on to the Reserve Bank’s meeting in early August. Right now, the next meeting, in mid-June, is shaping up to be a repeat of this one. The […] Read More
Bridgewater founder Ray Dalio warns of danger of US debt on Treasury market Ray Dalio, the billionaire founder of hedge fund giant Bridgewater Associates, has warned that the US government’s rising debt levels could hit Treasury bonds, arguing that investors should move some of their money to foreign markets. In an interview with the Financial Times, Dalio described his wide-ranging concerns about the US, including its debt load, the risk of what he calls a […] Read More
{EU} RX TECHS The Wall – remains intact and the trendline resis will still play well on the weekly charts as tech resis into the closes. (As the weeklies will eliminate the nip through on the charts) Today was a crucial day to close above the trendline resis however this fall will be ok if it’s a small period of consolidation. So lets remain bullish for a break if above 131.39 and TY above 16 Read More
European Central Bank Governing Council member Francois Villeroy de Galhau told CNBC that “the question is the next Governing Council which will be early June … and here barring a major surprise we should cut rates because we are now confident enough and increasingly confident about the disinflationary path in the euro area.” The Bank of France governor also said that he’s open to further rate reductions at subsequent meetings, CNBC said. “There is now […] Read More
No images? Click here AFR: Inflation shocks bond bandits The spike in US inflation has caught equity and debt investors napping. Christopher Joye, portfolio manager, Coolabah Capital Investments Over at the AFR I write that equity and fixed-income investors were shocked during the week by the release of the official US inflation data, which confirmed a massive re-acceleration in services (rather than goods) inflation in March, with the annualised trend now running at an […] Read More
META’s MITA: *META DEBUTS NEW AI CHIP, AIMING TO DECREASE RELIANCE ON NVIDIA. META CHIP IS NEXT VERSION OF MITA PRODUCT UNVEILED LAST YEAR. Follows Intel & Google in launching their new AI chips. All of Nvidia’s biggest customers seem to be working to become their biggest competitors. And if CUDA is the moat, the UXL Foundation is the bridge being built to make Nvidia’s programmer/developer barrier to entry less of a hurdle. Read More
{au} Philip Lowe backs RBA’s caution on rate cuts https://www.smh.com.au/business/the-economy/philip-lowe-backs-rba-s-caution-on-rate-cuts-20240312-p5fbsy.html Read More
We’ve seen ppi miss before after a cpi beat SFRH5 30bps off post-payroll highs on fri and close to the 95.715 yearly lows We starting to build longs in SFRH5 ahead of US data Some UST upside for tomorrow exp 111 c is 9/11 111.25 call for 4 (looks good) 111/111.5 cs for 8 {EU} RX upside for tomorrows expiry 133 call for 10 with a nice delta is the one you would be after Read More
© Copyright Archr LLP
