Following the big stimulus and clear growth message from Chinese leaders, we revise up our China growth forecast in 2025 from 4.8% to 5.2%. For 2024 we keep our 4.8% forecast. The stimulus is the Read more…
The US Dollar (USD) continued to strengthen against other major currencies on Tuesday, reaching its highest level in nearly two weeks, climbing above 101.00. Investors are keeping an eye on important data, such as the Read more…
In an interview with The Guardian, BoE Governor Andrew Bailey highlighted that cost of living pressures have not been as persistent as the Bank previously feared, which could open the door for more proactive rate Read more…
Swiss CPI dropped by -0.3% mom in September, falling short of the expected -0.1% mom decline. Core CPI, which excludes fresh and seasonal products as well as energy and fuel, also declined by -0.2% mom. Read more…
Markets Core bonds reversed the safe-haven triggered gains of Tuesday. US yields rose by 3.7 bps (2-yr) to 5.8 bps (30-yr) while German yields rose by 1.9 bps (2-yr) to 5.5 bps (30-yr). The US Read more…
The geopolitical situation in the Middle East gets tenser, and the Federal Reserve (Fed) doves get worried with the sight of better-than-expected jolts and ADP report announced earlier in the week. Yesterday’s ADP report showed Read more…
In focus today In the afternoon, US ISM Services index is due for release. While the index has been volatile over the past years, flash PMIs released earlier signalled still solid growth in services sector Read more…
Daily Pivots: (S1) 191.68; (P) 193.05; (R1) 195.69; More… Intraday bias in GBP/JPY remains neutral for the moment. On the downside, below 189.54 will bring deeper fall to 183.70 support. On the upside, above 195.95 Read more…
Daily Pivots: (S1) 159.70; (P) 160.79; (R1) 162.88; More…. Intraday bias in EUR/JPY remains neutral for the moment. Risk is mildly on the downside as long as 163.47 resistance intact. Below 158.09 will bring deeper Read more…
Daily Pivots: (S1) 0.8319; (P) 0.8329; (R1) 0.8335; More… Intraday bias in EUR/GBP is turned neutral with current recovery. On the upside, firm break of 0.8370 resistance will indicate short term bottoming at 0.8309. Intraday Read more…