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Markets At the least at the time of writing this report, markets again are engaged in some kind of short-term wait-and-see, consolidation trading. Of course, yesterday’s intraday trading in the US showed the fragility of this balance. For now, there is no high profile news/headlines from the trade tariffs area. In this context, the focus […]

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15/04/2024

USDJPY Rallies to Another Fresh 34-Year High

USDJPY surpasses 154.00 Round numbers to be watched Stochastics indicate overstretched market USDJPY is surging to another multi-year high above the 154.00 round number, adding 0.8% so far today. The technical oscillators are holding in overbought regions. The RSI is suggesting that more gains may be on cards; however, the stochastic oscillator is indicating an […]
22/04/2024

Sterling Finally Snapped. Speech by BoE Ramsden the Straw that Broke the Camel’s Back.

Markets Sterling finally snapped. A speech by Bank of England Ramsden was the straw that broke the camel’s back. He referred amongst others to the April CPI figure which will likely show the UK converging with the EU. Earlier last week, Bank of England governor Bailey also referred to that number which might even (temporarily) […]
21/02/2024

Bank of Canada’s Policy Pirouette Not Yet Complete

Summary Canadian economic trends have been mixed, but softer on balance. GDP shrank in Q3 but appears to have rebounded in Q4. Still, given a softening labor market, modest growth in household income and rising interest rates, and a subdued outlook for business and investment spending, we expect Canadian GDP growth to slow moderately to […]