Markets The military conflict between Israel and Iran adds another layer of uncertainty both to the CB’s assessment as well as in shaping the market reaction function. A soft oil price of late was an important factor supporting the disinflationary process. This ‘easy inflation win’ might evaporate as the conflict continues. Additional overall uncertainty might […]
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In focus today In Sweden, flash CPI figures are set for release, with a decline expected due to the VAT reduction on food from 12% to 6%. CPIF excluding energy is forecast to fall to Read more…
Daily Pivots: (S1) 212.85; (P) 213.46; (R1) 214.39; More… GBP/JPY fell sharply after rejection by 55 4H EMA but stays above 210.43. Intraday bias remains neutral first. Further decline is expected as long as 214.21 Read more…
Daily Pivots: (S1) 183.92; (P) 184.35; (R1) 185.04; More… EUR/JPY’s breach of 182.28 suggests that consolidation from there has completed at 185.02, and fall from 187.93 is resuming. Intraday bias is back on the downside Read more…