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Markets Today’s EMU CPI/US PCE deflators were supposed to provide a reality check as markets recently adapted positions in line with the Fed and the ECB guidance that central banks will (have to) take their time to assess where inflation is really headed for. As expected, Y/Y measures enjoyed favourable base effects. The month-on-month figures […]

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07/06/2024

USDCAD Wave Analysis

USDCAD reversed from resistance level 1.3740 Likely to fall to support level 1.3600 USDCAD currency pair recently reversed down from the key resistance level 1.3740 (upper boundary of the narrow sideways price range inside which the pair has been moving from the start of May). The resistance level 1.3740 was strengthened by the upper daily […]
06/04/2024

Weekly Economic & Financial Commentary: Strong Jobs Numbers Diminish Urgency for Rate Cuts

Summary United States: Strong Jobs Numbers Diminish Urgency for Rate Cuts Nonfarm payrolls expanded 303K in March, surpassing all estimates submitted to Bloomberg. The continued strength in hiring suggests less urgency for policymakers at the Federal Reserve to lower the target range of the fed funds rate. Recent comments from FOMC members have homed in […]
18/09/2024

Markets Will Finally Get the Fed Verdict Today

Markets August US retail sales were supposed to provide final input yesterday as investors concluded their positioning going into today’s Fed policy decision. Overall the report was marginally stronger than expected (headline sales +0.1% vs -0.2% expected after a strong upwardly revised 1.1% in July, core control group sales 0.3% M/M as expected but July […]