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In focus today Today, focus turns to the German Ifo. It will be interesting to see if the Ifo figures mirror the stronger-than-expected German PMI release on Friday. The rest of the week will be busy, with focus on central bank meetings. On Wednesday, the Riksbank, the Bank of Canada, and the FOMC will announce […]

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14/01/2025

Sunset Market Commentary

Markets Yesterday’s Bloomberg story brought some relief to markets. The news company citing people familiar reported that president-elect Trump’s team is working on a phased introduction of import tariffs. Raising levies 2%-5% each month instead of everything all at once reduces its shock effect both on US inflation and exporting areas, including the EU. The […]
26/06/2024

AUD/USD Surged, Buoyed by RBA Confidence and Inflation Ggrowth

The Australian dollar strengthened notably against the US dollar, with the AUD/USD pair reaching 0.6684. Australia’s May economic indicators from MI remained unchanged at zero compared to the previous value. Meanwhile, Australia’s weighted average consumer price index increased to 4.0% y/y from the last 3.6%, surpassing the less ambitious forecast of 3.8%. Earlier statistics from […]
20/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish continuation towards the 1st support. The 1st support level at 101.87 is identified as a multi-swing-low support. Further below, the 2nd support level at 100.67 is noted as a swing-low, further reinforcing its […]