According to Reuters, on the sidelines of the World Economic Forum in Davos in January, the head of the Swiss National Bank (SNB) Thomas Jordan told the Swiss press that the appreciation of the franc Read more…
GBPUSD corrects lower after hitting resistance at 1.2800 Technical signals weaken, but key support levels are underneath GBPUSD rose exponentially in the aftermath of the FOMC policy meeting, but the ascending line drawn from the Read more…
The British pound is slightly lower on Thursday. In the European session, GBP/USD is trading at 1.2766, down 0.16%. BoE expected to hold rates The markets will shift focus from the Federal Reserve, which maintained Read more…
Check back for updates throughout the trading day U.S. equity futures extended gains Thursday, following on from last night’s record close for all three major benchmarks, as investors parsed details of yesterday’s dovish Federal Reserve Read more…
UK PMI Manufacturing rose from 47.5 to 49.9 in March, above expectation of 47.9, a 20-month high. PMI Services fell slightly from 53.8 to 53.4, below expectation of 53.8. PMI Composite ticked down from 53.0 Read more…
AUDUSD was in a steady retreat since early March But finds feet and reclaims both SMAs after dovish FOMC Momentum indicators improve drastically AUDUSD had been losing ground since the beginning of March, dropping below its descending Read more…
The EUR/USD pair soared to a weekly high of 1.0933 on Thursday following the Federal Reserve System’s announcement of three interest rate cuts planned for 2024. These adjustments will reduce borrowing costs by 75 basis Read more…
Eurozone PMI Manufacturing from 46.5 to 45.7 in March, below expectation of 47.0. PMI services, on the other hand rose from 50.2 to 51.5, above expectation of 50.5 a 9-month high. PMI Composite ticked up Read more…
In a surprising move, SNB announced a -25bps cut in its policy rate, bringing it down to 1.50%. This decision also introduced a tiered system for the remuneration of banks’ sight deposits held at SNB. Read more…
The Swiss National Bank is lowering the SNB policy rate by 0.25 percentage points to 1.5%. The change applies from tomorrow, 22 March 2024. Banks’ sight deposits held at the SNB will be remunerated at Read more…