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DXY: The DXY chart currently exhibits a bearish overall momentum, indicating a downward trend. According to the analysis, the price could potentially rise towards the 1st resistance in the short term before reversing off it and dropping towards the 1st support. The 1st support level at 102.71 is identified as an overlap support, suggesting that […]

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It Might Take Until Summer for Fed to Start Easing Cycle

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05/03/2024

Will Bank of Canada Pave the Way for a Rate Cut after CPI Drop?

Bank of Canada kicks off March round of central bank meetings Dovish tilt is possible after CPI drops back below 3.0% Wednesday’s decision, due 14:45 GMT, may deepen loonie’s losses Progress on inflation The Bank of Canada heads towards its second policy meeting of the year with some good news on the inflation front. The […]
14/06/2024

Cliff Notes: Cautious Steps Towards Easing

Key insights from the week that was. In Australia, headline results from the May Labour Force Survey were in line with Westpac’s forecasts. Growth in employment was solid in the month, up +39.7k (+0.3%), in part due to an unwind of a seasonal dynamic from last month – more people than usual entering employment in […]
03/09/2024

Growth Expected to Pick Up Modestly Towards 2025 in Europe Including the Nordics

In focus today This morning, we published our Nordic Outlook with updated economic forecasts. We expect growth to pick up modestly towards 2025 in Europe including the Nordics, with important variations between them. In the US, growth is still slowing, but from a stronger starting point, while we project the Chinese economy to continue muddling […]