Category Finance

The pair is testing waters last seen back in July last year. The dip below 140.00 today is threatening to firmly take out the low from December last year on the daily chart. And from a psychological perspective, a firm break below 140.00 itself will keep sellers very…

Fundamental Overview Last Thursday, we finally got the breakout in gold after a softer than expected US PPI report. That was kind of a strange move but eventually the momentum picked up and we got the rally into new all-time highs. Late Thursday we have also got WSJ’s…

Rate cuts by year-end Fed: 118 bps (59% probability of 50 bps rate cut at the upcoming meeting) 2025: 250 bps ECB: 39 bps (72% probability of no change at the upcoming meeting) 2025: 157 bps BoE: 54 bps (61% probability of no change at the upcoming meeting)…

A busy week lies ahead in terms of economic events, but Monday kicks off slowly with no significant scheduled releases. On Tuesday, the highlight will be the Canadian inflation data, followed by the U.S. retail sales m/m figures. Wednesday brings inflation data from the U.K., alongside building permits,…

Domestic sight deposits CHF 458.2 bn vs CHF 447.3 bn prior That’s the highest reading for total sight deposits since the middle of May this year. And that perhaps suggest the SNB might be in the market to rein in the strength in the franc. That would not…

Prior +1.3%HICP +1.2% vs +1.3% y/y prelimPrior +1.6% This article was written by Justin Low at www.forexlive.com.

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There aren’t really any to take note of on the day. As such, trading sentiment will rely more on the positioning flows in the run up to the FOMC meeting later in the week. The dollar is under pressure now with yields pinned lower and that will continue…

German DAX futures flatUK FTSE futures flat US futures aren’t up to much as well, keeping flattish overall to start the session. The risk mood is more tentative as market players are eyeing the Fed decision later this week as the main event. But even so, the dollar…

Prior 0.0% Looking at the breakdown, producer prices rose by 0.6% on the month but was offset by a 0.5% drop in import prices. This article was written by Justin Low at www.forexlive.com.