Eurozone exports of goods rose 11.0% yoy to EUR 222.9B in January. Imports rose 9.7% yoy to EUR 253.5B. Trade deficit came in at EUR -30.6B. Intra-eurozone trade rose 11.6% yoy to EUR 223.8B. In Read more…
After a tumultuous week in the financial markets, things appear to have settled down. The euro is showing limited movement, trading at 1.0655. Central banks move in unison to contain contagion It was anything but Read more…
EURUSD has been in a consolidating mode since February 6 and is holding within the 20- and the 50-day simple moving averages (SMAs). Also, the 23.6% Fibonacci retracement level of the upward wave from 0.9535 Read more…
UBS bought Credit Suisse (CS) in a government-brokered deal for 0.76 cents of franc per share, or CHF3bn in total. The Swiss National Bank (SBN) offered UBS $100 billion in liquidity to make sure that Read more…
Daily Pivots: (S1) 131.04; (P) 132.41; (R1) 133.26; More… USD/JPY’s fall from 137.90 is still in progress and it’s now touching 61.8% retracement of 127.20 to 137.90 at 131.28. Intraday bias remains on the downside Read more…
In the Summary of Opinions from BoJ’s March meeting, many members expressed support for continuing with the current monetary easing and yield curve control. However, there were also discussions on potential side effects and concerns Read more…
In the Summary of Opinions from BoJ’s March meeting, many members expressed support for continuing with the current monetary easing and yield curve control. However, there were also discussions on potential side effects and concerns Read more…
Last week was not for the feint heated as investors grappled with headlines surrounding the implosion of SVB, Signature Bank and of course Credit Swisse. And that was particularly the case for bond markets, with Read more…