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In focus today The main event today will be the German Ifo print for February. The Ifo survey covers many more companies than the PMIs and it has somewhat contrasted the uptick seen in manufacturing PMIs previously. Moreover, the Ifo survey is yet to bottom out and expectations have not moved up in contrast to […]

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30/09/2024

US 500 Calms Down After Hitting New Record High

US 500 index climbed to new record highs last week But got rejected and has retreated a little since MACD and RSI look overbought Following the bounce off the 5,385 support level, the US 500 (cash) index added more than 7%, reaching an all-time high of 5,772.52 last week. Technically, the index is sailing near […]
18/03/2024

Sunset Market Commentary

Markets US Treasuries hold near last week’s sell-off lows in an uneventful trading session awaiting major central bank decisions. US yield currently trade up to 1.5 bps higher across the curve with both the US 2-yr and 10-yr yield testing the YTD highs at 4.74% and at 4.34%. German Bunds face some similar minor selling […]
21/10/2024

USD/CHF Technical Outlook: Pullback Before Continuation?

USD/CHF is showing potential for bullish continuation. The Swiss National Bank may welcome a weaker CHF due to pressure from the swiss export sector. Upcoming US data and geopolitical events, including the IMF meeting and US election, could impact USD/CHF. Eyeing an extended move to the upside as it hovers around a support area on […]