Surprise! The US Supreme Court ruled most import tariffs — as imposed by the Trump administration under the Emergency Economic Powers Act (IEEPA) — illegal, invalidating an estimated $130–$160 billion in tariff revenues. Trump was Read more…
Daily Pivots: (S1) 0.7736; (P) 0.7754; (R1) 0.7777; More…. USD/CHF dips mildly today but overall outlook is unchanged. Initial bias stays neutral and consolidations from USD/CHF’s consolidation pattern from 0.7603 could extend further. In case Read more…
While US tariff chaos dominated headlines, its market impact has been surprisingly contained. Equities in Asia are brushing aside the latest escalation. In South Korea, the Kospi extended gains for a third consecutive session to Read more…
In focus today In Germany, the February Ifo index is released. We expect an improvement as the PMI report last Friday was surprisingly strong on all parameters, particularly the manufacturing sector which recorded growth for Read more…
In an interview with CBS on Sunday, ECB President Christine Lagarde dismissed speculation that she could leave the the central bank before the end of her mandate. Reports had suggested an early departure might serve Read more…
Gold and silver extended their surge into early week trading, propelled by a “perfect storm” of US tariff confusion and escalating Middle East tension. The move defied earlier bearish expectations and marked a clear resumption Read more…
The final week of February finds global markets in a state of high alert. While investors are still grappling with US trade policy and geopolitical tensions, the focus is also on some “hard data” of Read more…
Key Highlights EUR/USD started a fresh decline from 1.1925 and dipped below 1.1840. A key declining channel is forming with resistance at 1.1815 on the 4-hour chart. GBP/USD is again moving below the 1.3600 support. Read more…
On Friday, the U.S. Supreme Court ruled against the Trump administration’s global tariff policy, which helped U.S. stocks close slightly higher in quiet trading. However, the decision reportedly made President Trump angry, and over the Read more…
NZ retail spending surprised to the upside again in Q4, with gains in discretionary spending underpinning a 0.9%qtr rise. We expect lower interest rates will support further gains over 2026. December quarter retail sales Retail Read more…