Richard Snow (@richardsnowfx) 's Twitter Profile
Richard Snow

@richardsnowfx

Market Strategist

ID: 1159119026729172993

linkhttps://www.dailyfx.com/authors/bio/Richard_Snow calendar_today07-08-2019 15:08:06

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US services #PMI heads lower but remains in expansion. Prior concerns passed down from Friday's manufacturing PMI data highlighted drops in employment, production and the forward-looking indicator 'new orders'. Employment and prices eased in the services sector but new orders

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Rengo, Japan's largest labour union group, announced an average wage increase of 5.28% - the largest in 30 years. BoJ set to meet next but the meeting may simply lay the groundwork for an April or June hike USD/JPY update 👉bit.ly/4cjWUR0

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Japan's fin minister Suzuki escalated language used to describe the dissatisfaction over volatile #Yen moves. 'Decisive steps' last uttered in Oct '22 in the leadup to the FX intervention effort to strengthen #JPY Report👉bit.ly/3TEgHSF @DailyFX @DailyFXTeam

Japan's fin minister Suzuki escalated language used to describe the dissatisfaction over volatile #Yen  moves. 'Decisive steps' last uttered in Oct '22 in the leadup to the FX intervention effort to strengthen #JPY 

Report👉bit.ly/3TEgHSF
@DailyFX  @DailyFXTeam
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US #CPI surprise sinks EUR/USD ahead of #ECB meeting. Markets now price in fewer hikes than the #FederalReserve for 2024 - strengthening USD - as US data continues to diverge from other major economies Euro price action setups:👉bit.ly/4aJHALE

US #CPI surprise sinks EUR/USD ahead of #ECB  meeting. Markets now price in fewer hikes than the #FederalReserve  for 2024 - strengthening USD - as US data continues to diverge from other major economies
Euro price action setups:👉bit.ly/4aJHALE
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Recently AUD/USD has revealed a disconnect with the #SPX500 but may still be vulnerable to any significant hit to risk sentiment this week (Middle East conflict). Chinese Q1 GDP and AUS jobs data next.

Recently AUD/USD has revealed a disconnect with the #SPX500  but may still be vulnerable to any significant hit to risk sentiment this week (Middle East conflict). Chinese Q1 GDP and AUS jobs data next.
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USD/JPY in view ahead of high impact US data, BoJ meeting and the quarterly outlook on inflation. Japan also about to enter the holiday period where low liquidity environments present potential opportunity for FX intervention Report 👉dailyfx.com/news/yen-alert…

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BoE Holds but paves the way for a potential June cut. Medium-term inflation forecast dips below 2% and Bailey is optimistic in the lead up to a cut. April CPI may present a bump in the road as yearly contractual prices rises tend to surface then. Report 👉 bit.ly/3JTXho5

BoE Holds but paves the way for a potential June cut. Medium-term inflation forecast dips below 2% and Bailey is optimistic in the lead up to a cut. April CPI may present a bump in the road as yearly contractual prices rises tend to surface then.
Report 👉 bit.ly/3JTXho5
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Aussie Dollar Outlook: The 'high beta' currency is operating as such, moving more closely with the S&P 500. Favourable risk sentiment and a potential lower CPI print may extend the bullish move in AUD/USD Report 👉 bit.ly/4bqLcCK

Aussie Dollar Outlook: The 'high beta' currency is operating as such, moving more closely with the S&P 500. Favourable risk sentiment and a potential lower CPI print may extend the bullish move in AUD/USD
Report 👉 bit.ly/4bqLcCK
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UK prices in April declined but by less than expected: - April 2023 CPI accelerated, prompting response from BoE - Chance of June rate cut evaporated (50% vs 14% after CPI) - Markets delayed first rate cut from Aug to Nov Report: dailyfx.com/news/uk-inflat… dailyfxTeam @DailyFX

UK prices in April declined but by less than expected:
- April 2023 CPI accelerated, prompting response from BoE
- Chance of June rate cut evaporated (50% vs 14% after CPI)
- Markets delayed first rate cut from Aug to Nov
Report: dailyfx.com/news/uk-inflat…

<a href="/DailyFX/">dailyfx</a>Team @DailyFX
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BoJ expected to keep rates unchanged but talk of gradually slowing JGB purchases dominate discussions. Yields are expected to trade more freely above 1% for the 10-year in the next phase of policy normalisation Report 👉 dailyfx.com/news/boj-previ…

BoJ expected to keep rates unchanged but talk of gradually slowing JGB purchases dominate discussions. Yields are expected to trade more freely above 1% for the 10-year in the next phase of policy normalisation

Report 👉 dailyfx.com/news/boj-previ…
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BoJ Deputy Governor Uchida issues dovish reassurance to volatile markets, helping provide some short-term stability. #Yen #Markets #usdjpy #boj dailyfx.com/news/dovish-bo…

BoJ Deputy Governor Uchida issues dovish reassurance to volatile markets, helping provide some short-term stability. 

#Yen #Markets #usdjpy #boj

dailyfx.com/news/dovish-bo…