Summary United States: The Calm Before the Storm This week brought glimpses of market stabilization after weeks of turmoil. Although consumers seem unfazed by the uproar, tighter credit conditions coming down the pipeline will likely Read more…
Summary United States: The Calm Before the Storm This week brought glimpses of market stabilization after weeks of turmoil. Although consumers seem unfazed by the uproar, tighter credit conditions coming down the pipeline will likely Read more…
Macro and banks’ balance sheet data covering the period after SVB’s collapse shows that immediate negative consequences to real economy have been modest. The March Jobs Report and CPI will be the final key releases Read more…
EUR/USD is slightly lower on Friday. In the European session, EUR/USD is trading at 1.0883, down 0.21%. The euro continues to look sharp and is poised to record its fifth winning week in a row. Read more…
US personal income rose 0.3% mom or USD 72.9B in February, matched expectation. Personal spending rose 0.2% mom or USD 27.9B below expectation of 0.3% mom. PCE price index rose 0.3% mom, above expectation of Read more…
The Euro started a fresh increase above the 1.0850 resistance zone against the US Dollar. The EUR/USD pair even cleared the 1.0880 level to move into a positive zone. It tested the 1.0925 zone and Read more…
The Euro edged lower after bulls faced a double failure just under pivotal barrier at 1.0930 (Mar 23 spike high). Dips were so far shallow, with limited negative impact from weaker than expected German labor Read more…
Eurozone CPI slowed from 8.5% yoy to 6.9% yoy in March, below expectation of 7.2% yoy. CPI core (all item ex energy, food, alcohol & tobacco) roes from 5.6% yoy to 5.7% yoy, matched expectations. Read more…
USDCAD is set to close the month on a negative note despite the rally to a five-month high of 1.3860 on March 10th. Having dived back below its 20- and 50-day simple moving averages (SMAs) Read more…
EUR/GBP falls after UK GDP & ahead of EZ CPI UK Q4 GDP rises to 0.1% Eurozone CPI to cool to 7.1% but core CPI to rise EUR/GBP break out trade EUR/GBP is falling for Read more…