Although momentum in domestic demand has turned out a bit weaker than the RBA expected, in September the RBA contemplated scenarios warranting both tighter and looser financial conditions. The RBA minutes for the September 2024 Read more…
Markets Investors yesterday continued to adapt positions in the wake of Friday’s impressive payrolls beat. The Fed recently indicated that inflation has cooled enough to the turn the focus to supporting growth and protecting a Read more…
In an interview with Slovenia’s Delo newspaper, ECB Executive Board member Frank Elderson highlighted growing risks to economic growth across the Eurozone, noting that “a number of recent indicators suggest that risks of lower economic Read more…
In an interview with the Financial Times, New York Fed President John Williams described the latest “dot plot” projections, which show expectations for two quarter-point rate cuts at the remaining meetings this year, as a Read more…
The week started on an ugly note except for those who have a long exposure to energy related assets. The crumbling dovish Federal Reserve (Fed) expectations at the wake of a blowout jobs report from Read more…
In focus today From the US, NFIB’s Small Business Optimism index is due for release for September. Markets focus especially on employers’ perception of labour market conditions. Fed’s Bostic will speak this evening. In Sweden, Read more…
Daily Pivots: (S1) 1.0956; (P) 1.0972; (R1) 1.0989; More…. Intraday bias in EUR/USD stays on the downside. Fall from 1.1213 short term top is in progress for 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Read more…
Daily Pivots: (S1) 147.65; (P) 148.39; (R1) 148.93; More… Intraday bias in USD/JPY remains on the upside as rebound from 139.57 low is in progress. This rally is seen as the second leg of the Read more…
Daily Pivots: (S1) 1.3050; (P) 1.3092; (R1) 1.3126; More… GBP/USD’s fall from 1.3433 short term top is still in progress. Strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 Read more…
Daily Pivots: (S1) 0.9352; (P) 0.9391; (R1) 0.9416; More…. Intraday bias in EUR/CHF stays neutral and outlook is unchanged. For now, the favored case is that rise from 0.9209 low is not finished yet. Break Read more…