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In focus today Not much on the data calendar before Christmas. In Sweden, markets will take a close look at NIER’s December survey. In particular retail trade and private services price plans will be scrutinized for further signs of moderation. Any widening cracks in confidence or hiring plans are also in focus. In Norway, unemployment […]

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13/12/2023

EUR/USD – Fireworks Expected from the Final Fed Meeting of the Year

Fed expected to leave interest rates unchanged Forecasts and dot plot key as markets price in four rate cuts next year EURUSD hovers around 50 Fib The final Fed meeting of the year could also be the most eventful, with the central bank likely to acknowledge it’s done with tightening and even signal rate cuts […]
28/06/2024

What Can We Expect from ISM Business PMIs Next Week?

ISM manufacturing PMI to tick higher; services PMI to lose some pace Business outlook could stay unchanged; rate cut forecasts will remain inflation-driven EURUSD stays neutral after core PCE inflation; needs a strong rebound above 1.0885 What happened previously? Dollar traders will pay close attention to the US ISM manufacturing and non-manufacturing PMI readings for […]
15/05/2024

Will Today’s CPI Echo the PPI Print?

In focus today In the US, the focus will be on April CPI. We forecast headline inflation at +0.4% m/m SA, as energy inflation has been boosted by rising oil prices. Core inflation is likely to tick slightly lower to 0.3% m/m SA, driven especially by further disinflation in housing services. Recently, leading data has […]