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Markets US October inflation figures printed bang in line with expectations. Headline inflation picked up to 2.6% and core inflation matched September’s 3.3% with clear signs of price stickiness in housing-related costs (0.4% m/m) and core services ex housing. The latter rose 0.31% m/m and accelerated on an annualized three-month rolling average to 4.24% – […]

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26/08/2024

For Now, We Don’t Fight the Broader USD Downtrend

Markets At its keynote Jackson Hole speech on Friday, Fed Chair Powell explicitly reconfirmed the change in the Fed’s assessment on the balance between fighting inflation and preserving maximum employment it already signaled at the July policy meeting. ‘The upside risks to inflation have diminished. And the downside risks to employment have increased.’ The Fed’s […]
07/08/2024

USDJPY Begins a Healing Process

USDJPY gears up after 7-month low Recent sharp sell-off looks overdone Bulls hope for a close above 146.58 to continue higher USDJPY showed signs of life on Wednesday, forcefully bouncing above the 144.57 bar that had limited Tuesday’s gains following the flash spike to 146.35. There is still a chance for sellers to reverse today’s […]
15/03/2024

Euro Stabilizes, ECB Starts Talking Rate Cuts

The euro is steady on Friday, after sustaining sharp losses a day earlier due to the US inflation report. In the North American session, EUR/USD is trading at 1.0893, up 0.09%. ECB members signal rate cuts coming The European Central Bank maintained the deposit rate at 4.0% for a fourth straight time at last week’s […]