Canada CPI accelerated to 4.0% yoy in August, up from July’s 3.3% yoy, above expectation of 3.8% yoy. The in CPI was largely the result of higher year-over-year prices for gasoline in August (+0.8%) compared Read more…
Market picture Crypto market capitalisation exceeds $1.07 trillion (+0.6% in 24h), maintaining its upward trend over the last seven days. Bitcoin hit $27.4K on Monday for the first time since late August but quickly pulled Read more…
Eurozone headline inflation was slightly lower than initially reported in August while core was unrevised and is now modestly higher. Both are expected to fall going into next year and today’s revisions are unlikely to Read more…
Eurozone CPI was finalized at 5.2% yoy in August, down from 5.3% yoy in July. CPI core (all-items ex-energy, food, alcohol & tobacco) was finalized at 5.3% yoy, down from 5.5% yoy in July. Services Read more…
The decision on the base interest rate will be published tomorrow at 21:00 GMT+3, and Powell will hold a press conference at 21:30. Although most experts, as reported by the media, expect that the current Read more…
Daily Pivots: (S1) 1.0666; (P) 1.0682; (R1) 1.0710; More… Intraday bias in EUR/USD remains neutral at this point. Strong rebound from current level, followed by break of 1.0767 resistance, should confirm short term bottoming. Intraday Read more…
Bullish tone dissipated last Friday, 15 September ex-post Arm’s IPO spectacularly first-day positive performance as the Nasdaq 100 had a weekly close below the 50-day moving average for the 4th time in the past six Read more…
The Board considered both options but the case for on hold was clearly stronger. The Board is maintaining its options to hike again if inflation surprises to the upside. The Minutes for the September meeting Read more…
EU-China trade tensions are brewing with an EU probe into Chinese EV subsidies. US weapons sale to Taiwan under sovereign-nation program feeds new tensions. China has increased the intensity of military exercises around Taiwan lately. Read more…
RBA’s meeting held on September 5, the minutes revealed that officials weighed two courses for monetary policy: increasing cash rate target by 25 bps or standing pat. After a thorough consideration of the prevailing economic Read more…