Richmond Fed manufacturing index jumped to 13 in May, beating forecasts, challenging rate-cut hopes and shifting positioning.
USD/CAD holds firm as BoC-Fed policy divergence widens; resistance near 1.3850 suggests range, CAD undervalued.
RBNZ held rates at 2.25% in split vote, but lifted projections, boosting NZD on hawkish outlook.
Redbook jumps to 9%, signaling resilient consumers, keeping Fed hawkish; consider retail calls, Treasury puts, VIX hedges.
Hungary’s central bank held rates at 6.25%, signalled dovishness, and markets priced June cut, forint strength.
ADP four-week job growth slipped to 35.75K, signaling cooling labor momentum and boosting rate-cut expectations.
Brent breaks 50-day average, tests $96 support; Hormuz tensions fuel volatility, with outcomes ranging $85–$200.
ADP four-week job growth slipped to 35.75K, signaling cooling labor momentum and boosting rate-cut expectations.
Brent breaks 50-day average, tests $96 support; Hormuz tensions fuel volatility, with outcomes ranging $85–$200.
Brent breaks 50-day average; $96 support crucial. Hormuz reopening may push $85; delays risk $150–$200 spikes.
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