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Markets Markets today stayed in a defensive wait-and-and see modus counting down to the long-awaited US announcement sweeping ‘reciprocal tariffs’ next Wednesday. In this context of elevated uncertainty, markets held to a ‘selective’, one-sided reading of incoming economic data. Softer than expected Spanish and French national inflation data were enough for European bond investors to […]

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24/01/2024

NZD/USD Stems Slide, Inflation Next

New Zealand Services PSI eases to 48.8 New Zealand inflation expected to ease to 0.5% The New Zealand dollar has edged higher on Tuesday. In the North American session, NZD/USD is trading at 0.6086, up 0.17%. New Zealand’s economy has struggled in the fourth quarter and a soft services release won’t help things. The Performance […]
12/01/2024

Global Implications of a Soft U.S. Landing

Summary The continued resilience in U.S. activity has prompted a significant shift in our outlook for the U.S. economy. Our U.S. economics colleagues now believe the U.S. economy will avoid recession, achieve a “soft landing”, and experience continued expansion through 2025. This more resilient outlook for U.S. growth has implications for our global economic outlook. […]
09/07/2024

Nasdaq 100 Index Wave Analysis

Nasdaq 100 rising inside impulse wave 3 Likely to test resistance level 20775.00 Nasdaq 100 index continues to rise inside the accelerated impulse wave 3, which previously broke the round resistance level 200000.00 (which stopped the previous waves (i) and i). The active impulse wave 3 belongs to the higher order upward impulse wave (3) […]