Swiss CPI rose 0.0% mom in June, below expectation of 0.1% mom. Core CPI (excluding fresh and seasonal products, energy and fuel) fell -0.1% mom. Domestic product prices rose 0.2% mom while imported products prices Read more…
Markets US Treasuries outperformed Bunds during a holiday-shortened session yesterday. Yields slid between 3.4 (2-yr) to -7.8 (30-yr) bps following a string of weaker-than-expected data (ADP job report, jobless claims & services ISM). The FOMC Read more…
We are forcefully entering a period of ‘bad news is good news’ as the Federal Reserve (Fed) moves toward its first rate cut. We don’t know when the Fed will cut the rates – the Read more…
Daily Pivots: (S1) 0.6669; (P) 0.6701; (R1) 0.6739; More… Intraday bias in AUD/USD remains on the upside for the moment. Rise from 0.6361 has just resumed and should target 61.8% projection of 0.6361 to 0.6713 Read more…
Dollar faced significant selloff overnight as market participants ramped up bets on a September rate cut by Fed. This shift in sentiment propelled S&P 500 and NASDAQ to record highs too. However, the greenback managed Read more…
Bets on a rate cut by Fed at the September meeting surged overnight, driven by unexpectedly poor ISM services data. This shift in sentiment also propelled S&P 500 and NASDAQ to new record highs while Read more…
Minutes from June FOMC meeting highlight continued concerns about the slow progress in reducing inflation this year. Participants emphasized that it would not be appropriate to lower interest rates until there is “greater confidence” that Read more…
June 11–12, 2024 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, June Read more…
Key Highlights USD/CAD started a fresh decline from the 1.3750 resistance. It traded below a key bullish trend line with support at 1.3670 on the 4-hour chart. EUR/USD rallied above the 1.0750 resistance zone. Gold Read more…
FTSE 100 index reversed from key support level 8130.00 Likely to rise to resistance level 8300.00, FTSE 100 index recently reversed up from the key support level 8130.00 (which has been steadily reversing the price Read more…