Fundamental Backdrop The Swiss franc remains influenced by two opposing forces. On the one hand, there is steady demand for safe-haven assets amid tariff-related risks stemming from the United States. On the other, the policy Read more…
Switzerland’s economy expanded faster than expected in the first quarter, with GDP excluding sporting events rising from 0.2% qoq to 0.7% qoq, well above the 0.5% qoq consensus forecast. On a sport-adjusted basis, GDP accelerated Read more…
Markets President Trump retreated in the Situation Room last Friday to make a “final determination” on a preliminary agreement that would, amongst others, extend the April ceasefire but reportedly left the room without having made Read more…
ECB Executive Board member Isabel Schnabel reinforced her hawkish stance on Monday, arguing that policymakers can no longer treat the inflation impact of the Iran conflict as a temporary shock. Speaking at a conference in Read more…
In focus today In the US, ISM Manufacturing index will be released for May. Regional Fed indices are pointing towards another uptick despite the energy supply uncertainty. In the euro area, we receive data on Read more…
Investors holding large positions in appreciated securities face a recurring problem each tax season. Federal and state payment deadlines often coincide with the same holdings being central to a long-term portfolio plan. Liquidating appreciated holdings Read more…
Markets enter the new week balancing two major uncertainties: whether a proposed US-Iran ceasefire extension can evolve into a formal agreement, and whether incoming economic data will push the Federal Reserve closer toward another rate Read more…
Key Highlights EUR/USD started a recovery wave and tested the 1.1675 resistance. An expanding triangle is forming with resistance at 1.1675 on the 4-hour chart. GBP/USD is still struggling to clear the 1.3550 resistance zone. Read more…
Japan’s manufacturing sector delivered another strong performance in May, with PMI Manufacturing finalized at 54.4, slightly down from April’s 55.1. The latest reading signaled a fifth straight month of improving business conditions as both output Read more…
China’s latest PMI surveys suggest the economy navigated the second quarter with a growing split between domestic and external demand. Manufacturing activity slowed in May while services improved, indicating that consumer spending at home is Read more…