ECB Review: The Direction is Clear
Today, the ECB decided to leave policy rates unchanged as unanimously expected. A rate cut […]
What’s Behind the US Economy’s Resilience?
US economy is still sizzling, outperforming other regions Several factors behind this strength, such as […]
USD/JPY Technical: Rising US Treasury-JGB Yield Spreads Outweigh BoJ’s Intervention Risk
A firmer March’s US CPI has altered the relative fundamentals narrative between the US & […]
ECB Meets Today But the Decision Itself (Status Quo) Won’t Be Surprising
Markets Above-consensus CPI, driven by low 2023 base effects and far more important by (very) […]
Markets Trim Fed Rate Cut Expectations Amid High US CPI
In focus today Today’s focus will be the ECB meeting where we expect no change […]
Gold Temporarily Ignores Negative News
Gold has been hitting all-time highs almost daily for the past two weeks, reaching $2365 […]
ECB Bank Lending Survey Will Give Insights into Credit Conditions
In focus today Today, we look out for the ECB bank lending survey for Q1 […]
SPX 500: Fed Dovish Pivot Narrative is at Risk
Higher oil prices have led to higher inflationary expectations in the US via the breakeven […]
US Money Markets Increasingly Push a First Cut by Fed Further into Time
Markets Friday’s March payrolls were strong across the board. Employment topped all estimates by growing […]
Why is Gold Defying Gravity?
Gold stays in rally mode, even when dollar and yields rise Central banks and geopolitics […]
Why Does 10-year US Yield Remain so High?
The 10-year US yield is a key determinant of FX moves It tends to drop […]
ISM-Inspired Treasury Gains Went Hand-in-hand With Profit Taking on USD Long
Markets It’s been a rollercoaster ride for US Treasuries so far this week. (Easter) Monday’s […]