SNB raises policy rate by 75bps to 0.50% as widely expected, to counter “renewed rise in inflation pressure”. It “cannot be ruled out” that further rate hikes will be “necessary”. The reference to the timeframe Read more…
The SNB is tightening its monetary policy further and is raising the SNB policy rate by 0.75 percentage points to 0.5%. In doing so, it is countering the renewed rise in inflationary pressure and the Read more…
AUDUSD is plummeting for the third straight day towards a fresh 28-month low of 0.6580, remaining within a downward sloping channel since the beginning of June. The price had a pullback from the bearish cross within Read more…
The USDJPY surges through 145 barrier in early Thursday’s trading and posts new 24-year high, inflated by hawkish Fed and repeatedly dovish stance from BOJ, which kept its ultra-easy policy and sent quite mild signals Read more…
The Euro remains heavy in early Thursday’s trading and hit new marginally lower 20-year low, following 1.3% drop on Wednesday. The sentiment was soured by growing geopolitical tensions, with hawkish Fed adding pressure on the Read more…
WTI crude weakens over a gloomy economic prospect amid tighter financial conditions. Sentiment has remained fragile after the psychological level of 90.00 proved to be a tough level to crack for now. The current consolidation Read more…
The S&P 500 plunged after another super-sized US rate hike. The break below 3900 has invalidated the recent bounce and put the buy side on the defensive. As sentiment deteriorates, strong selling pressure may continue Read more…
Bullion whipsawed after the Fed’s rate hike came out in line with expectations. The price’s failure to hold above the critical level at 1680 may have triggered a long journey to the south. The RSI’s Read more…
We thought that the Federal Reserve (Fed) decision would be the highlight of yesterday but news from Russia came to eclipse the FOMC. Vladimir Putin declared partially mobilization yesterday morning. Russia is preparing to mobilize Read more…
Market movers today We expect the Swiss National Bank (SNB) to raise the policy rate by 75bp to curb underlying inflation pressures. This will bring the policy rate to 0.50%, thus leaving negative territory for Read more…