As expected, the ECB hiked its three key policy rates by 50bp today and gave no indications for the coming rate path. The ECB communication clearly highlighted the number of risks prevailing to the economic Read more…
Summary In a widely anticipated monetary policy announcement, the European Central Bank (ECB) raised its Deposit Rate 50 basis points to 3.00%. In raising interest rates, the ECB said “inflation is projected to remain too Read more…
ETHUSD (Ethereum) experienced a significant correction after its 2023 rally stalled around the 1,740 zone in mid-February. However, the digital asset managed to stage a solid comeback, generating a fresh six-month high of 1,780 before paring Read more…
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US initial jobless claims dropped -20k to 192k in the week ending March 11, below expectation of 205k. Four-week moving average of initial claims dropped -750 to 196.5k. Continuing claims dropped -29k to 1684k in Read more…
A week is indeed a long time in global financial markets, and the calculus for central bank rate hikes has been dramatically altered by the SVB and Credit Suisse crises in recent days. The market’s Read more…
A week is indeed a long time in global financial markets, and the calculus for central bank rate hikes has been dramatically altered by the SVB and Credit Suisse crises in recent days. The market’s Read more…
WTI oil futures collapsed to a 15-month low of 65.68 on Wednesday after breaking the four-month-old range below the 72.65 floor. The price, however, managed to close around the 50% Fibonacci retracement of the 2020-2021 Read more…
Swiss economic growth projections for 2023 and 2024 have been revised by the State Secretariat for Economic Affairs (SECO), as recent forecasts indicate mixed outcomes for the nation. The Swiss economy, adjusted for sporting events, Read more…
The Australian dollar slips as market sentiment grows cautious across risk asset classes. The bulls’ second attempt at the demand-turned-supply zone around 0.6710 has failed to impress. A drop below 0.6660 has turned it into Read more…