Month: July 2024

We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 1 August. We stress that it is a very close call not least due to the very limited amount Read more…

A trio of central bank decisions coming up from the BoJ, Fed and BoE One might hike, one might stand pat and the other cut rates ECB to also be in focus as Eurozone flash Read more…

The week ahead is a busy one on the data calendar with the release of Canada’s gross domestic product for May and the U.S. Federal Reserve’s decision on interest rates on Wednesday, followed by U.S. Read more…

Markets Markets finally took a breather this morning after recent sharp risk-off repositioning especially in equities and interest rates. However, it doesn’t feel as if a sharp, sustained countermove is already in store. Initial ‘gains’ Read more…

Daily Pivots: (S1) 1.0825; (P) 1.0848; (R1) 1.0867; More….. Intraday bias in EUR/USD remains neutral at this point. Deeper fall is in favor as long as 1.0896 minor resistance holds. Below 1.0825 will target 55 Read more…

Daily Pivots: (S1) 1.2822; (P) 1.2876; (R1) 1.2903; More… No change in GBP/USD’s outlook and intraday bias stays neutral. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the Read more…

Daily Pivots: (S1) 0.8776; (P) 0.8818; (R1) 0.8858; More… Intraday bias in USD/CHF is turned neutral with current recovery, and some consolidations would be seen above 0.8776 temporary low. Risk will stay on the downside Read more…

Personal income grew 0.2% month-on-month (m/m) in June, down from May’s 0.4% gain, and below market expectations (also 0.4%). Accounting for inflation and taxes, real personal disposable income growth slowed in June, up 0.1% m/m, Read more…

Cruise drinks often get popular because they catch people’s eye. Many passengers come onboard looking to find something new, but end up ordering cruise line favorites like pina coladas, mojitos, daiquiris, and other standards. A Read more…