The year-on-year CPI reading was a comparison with April 2020, the height of the pandemic’s economic destruction, so it makes sense to remove some volatility.
Gold prices just finished their worst month since November of 2016, and after that instance, the FOMC hiked rates eight times over the next two years. Are Gold bears telling us something?
If the stock market can add another 15% to the 1H S&P 500 total return in 2H, broad commodities may stabilize, but potential peaks in copper and bond yields emphasize predominant deflationary risks.
The New Zealand Dollar may be readying to resume losses against the US Dollar after a Dead Cat Bounce. NZD/JPY and NZD/CAD trade lower, with both pairs facing key wedge chart patterns.
USD/MXN volatility could rise in the coming days with the NFP report on tap for Friday. Strong employment data could boost the dollar, while a soft print is likely to benefit the Mexican peso.
Jonas Rooze, Head of Sustainability Research at BloombergNEF, and Eric Kane, Head of ESG Research, Americas, at Bloomberg Intelligence, explain the thinking behind the new Bloomberg climate transition scores.