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Yesterday’s US inflation data was the last possible barrier to the much-expected extra 25bp cut from the Federal Reserve (Fed) next week, and the release went well. The figures came spot on expectations. Headline inflation inched slightly higher from 2.6% to 2.7% while core inflation remained sticky at 3.3%. If you ask me, with Trump’s […]

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17/04/2024

Bitcoin and Ethereum in Eye of Storm?

Market picture The crypto market avoided sharp moves on Tuesday, showing low volatility over the 24 hours and remaining near $2.3 trillion. The Crypto Fear and Greed Index added 2 points to 67 (greed) by Wednesday. Bitcoin’s share of the entire crypto market capitalisation exceeded 54%, maintaining its upward trend since December 2022. This is […]
02/09/2024

Brace for Impact, it is NFP-Week

In focus today Today will be quiet on the macro front, with US markets closed for Labor Day. In Sweden, PMIs are due 8.30 CET. Like trends observed in many other countries, the manufacturing sector appears to be the weaker segment. The NIER survey, released last week, indicated that business sentiment in August remained nearly […]
08/10/2024

Germany’s Manufacturing Rebound Doesn’t Change the Gloomy Picture

Germany’s industrial production index jumped 2.9% in August, almost recovering from a similar drop in the previous month. This data, above the expected 0.8% rise, nominally supports the euro-dollar exchange rate on Tuesday, as does the positive surprise in the Sentix index on Monday. In both cases, the better-than-expected and stronger-than-expected data does not change […]