Category Finance

10-year yields in the US are now down by 5.5 bps to 3.625% and that is weighing further on USD/JPY today. The pair is now down 1% to fresh lows at 140.43 and that is bringing closer the December 2023 low at 140.24 as well as the 140.00…

Fundamental Overview Yesterday, around 1:00 PM ET, WSJ’s Timiraos published an article which seemed like suggesting that a 50 bps cut is still being discussed. The market responded by raising 50 bps cut probabilities to around 43% from 13% before the news. Nick Timiraos is considered a Fed…

Prior -0.1%; revised to 0.0% The drop here fits with the continued softness in the euro area industrial sector, led by the struggles in Germany especially. Looking at the breakdown, intermediate goods dropped by 1.3%, capital goods by 1.6%, durable consumer goods by 2.8%. That was slightly offset…

This will include steep tariff hikes on Chinese EVs, solar cells, semiconductors, and steel among other strategic goods. More specifically, it will be a 100% duty on Chinese EVs, 50% on solar cells, and 25% on steel, aluminum and key minerals. All of which will be going into…

Fundamental Overview Crude oil is finally finding some footing this week as the dip-buyers might be looking forward to the Fed’s easing cycle. As a reminder, the positioning in crude oil is at a record 13 years low and the sentiment is very bearish. These factors can generally…

Monetary policy is now on a good trajectoryInflation is much less worrisome than when ECB first started cutting rates in June”I am not per se against lowering rates, I only object when the timing does not look right”Headline inflation expected to rise temporarily in the coming months due…

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We should continue to reduce gradually and as appropriate the degree of monetary restriction.ECB must be attentive to risk of undershooting target.Market inflation expectations well below the ECB forecasts.The latest activity data have been somewhat disappointing.Pace of easing has to be highly pragmatic, we keep our full optionality…

Eurostoxx +0.42%Germany DAX +0.27%France CAC 40 +0.29%UK FTSE +0.14%Spain IBEX +0.33%Italy FTSE MIB +0.14% The mood in the market remains broadly positive. ICYMI yesterday around 18:53 Central European Time, WSJ’s Timiraos came out with a piece which seemed like suggesting that a 50 bps cut is still being…

Temporary acceleration in inflation is likely.Services inflation is still a concern.The Eurozone economy is awaiting moderate recovery.Confidence is growing that inflation is on the right track. This article was written by Giuseppe Dellamotta at www.forexlive.com.