Author: FX
ING economists Deepali Bhargava and Lynn Song expect the Reserve Bank of India to keep the repo rate at 5.25% this week. They note that while June headline inflation rose on higher fuel prices, core inflation remains below target. This gives policymakers room to maintain current settings while monitoring risks from elevated Oil prices and a possible severe El Niño impact on food.RBI seen holding as risks monitored”We expect the Reserve Bank of India to keep the repo rate unchanged at 5.25% on Wednesday.””While headline inflation surprised to the upside in June, largely due to higher fuel prices, underlying price…
German unemployment rises by slightly more than anticipated in July !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The Euro (EUR) nudges lower against the US Dollar (USD) on Friday, but remains near six-week highs, holding well above 1.1500 so far, on track for a 1.3% rally this week, its best weekly performance in nearly four months. Eurozone GDP data beat expectations on Thursday, and investors await July’s preliminary inflation figures to assess the chances of a European Central Bank (ECB) rate hike in September.Eurozone’s Harmonized Index of Consumer Prices (HICP) is expected to have ticked up to a 2.9% year-on-year (YoY) rate in July from 2.8% in June. Core inflation is seen growing at a steady 2.8%…
June’s PCE report cooled inflation hopes, exposed consumer strain, and left the dollar facing a wide open Fed debate ahead. Source link
GBP/CHF found support after a sharp selloff, but consolidation now leaves traders watching for either a range hold or breakout. Source link
Alivus Q1 FY27 slides: margins hit 36.6% as non-GPL surges Source link
The BOE kept rates unchanged despite a split vote, and the reasoning behind that split shows how central banks weigh war-driven energy shocks against inflation targets. Source link
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The USD/JPY pair is seen building on the previous day’s late recovery from sub-158.00 levels, or the lowest since May 14, and gaining positive traction during the Asian session on Friday. Spot prices climb back above the 160.50 level amid the emergence of some US Dollar (USD) buying and some repositioning trade ahead of the highly anticipated Bank of Japan (BoJ) rate decision.From a technical perspective, strength beyond the 160.00 psychological mark and the 38.2% Fibonacci retracement level of the sharp corrective pullback from a four-decade peak backs the case for further intraday gains. However, the 14-period Relative Strength Index…
Earnings Call Insights: Columbus McKinnon (CMCO) Q1 fiscal 2027 Management View “We are off to a strong start in fiscal 2027.” (President, CEO & Director David Wilson) “Pro forma sales grew 10%, with broad-based growth across all platforms.” (President, CEO & Director Wilson) “Underlying demand signals, particularly in the U.S., support the durabilitySeeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be…