Next week, we expect U.S. inflation to show a modest pickup in headline prices due to higher energy costs, while underlying inflation pressures remain relatively contained. Existing home sales likely weakened further as elevated mortgage rates continue to weigh on affordability and demand. Abroad, the ECB is expected to deliver a 25 bps rate hike […]
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EUR/AUD’s decline from 1.6617 continued last week and there is no clear sign of bottoming. Initial bias stays on the downside this week. Decisive break of 1.6108 low will will resume the whole down trend Read more…
EUR/CHF’s rally from 0.8979 resumed last week but retreated after hitting 0.9434. Initial bias remains neutral this week for consolidations. Further rise is expected as long as 0.9304 support holds. Above 0.9434 will target 161.8% Read more…
Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights The Bank of Canada held rates at 2.25% but struck a more hawkish tone, citing elevated energy prices and Read more…