In a speech today, Fed Michelle Bowman underscored that more action would be necessary to bring inflation under control. She noted, “I believe that additional policy rate increases will be necessary to bring inflation down Read more…
Markets Today’s central bank decisions confirmed that the ‘high(er) for longer’ paradigm is stronger than it has ever been in this cycle. Banks that held some kind of benign neglect approach (Norges Bank, Bank of Read more…
In a video release after today’s 50bps rate hike, BoE Governor Andrew Bailey said, “inflation is still too high”, and “recent data has shown us that further decisive action is needed”. “If we don’t raise Read more…
The Swiss National Bank slowed the pace of its tightening cycle on Thursday, in line with market expectations but signaled there is more to come. While most central banks would dream of 2.2% inflation right Read more…
The Swiss National Bank slowed the pace of its tightening cycle on Thursday, in line with market expectations but signaled there is more to come. While most central banks would dream of 2.2% inflation right Read more…
In the post-meeting press conference, SNB Chair Thomas Jordan affirmed that “We cannot rule out further monetary policy tightening,” following a decision to increase interest rates by 25bos to 1.75% today. “Without a more restrictive Read more…
In the post-meeting press conference, SNB Chair Thomas Jordan affirmed that “We cannot rule out further monetary policy tightening,” following a decision to increase interest rates by 25bos to 1.75% today. “Without a more restrictive Read more…
Daily Pivots: (S1) 1.0932; (P) 1.0961; (R1) 1.1017; More… EUR/USD’s rally from 1.0634 resumed after brief consolidations. Intraday bias is back on the upside for retesting 1.1094 high first. Decisive break there will confirm resumption Read more…
Daily Pivots: (S1) 1.6088; (P) 1.6137; (R1) 1.6215; More… Intraday bias in EUR/AUD stays on the upside at this point. Corrective fall from 1.6785 should have completed with three waves down to 1.5846. Further rise Read more…
Daily Pivots: (S1) 0.8551; (P) 0.8580; (R1) 0.8635; More… Immediate focus is now on 0.8611 resistance in EUR/GBP. Decisive break there will confirm short term bottoming at 0.8517, stronger rebound would then be seen to Read more…