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Markets “There’s still no rush”, Fed governor Waller’s sequel to February’s “What’s the rush”, resonated through Asian and early European dealings. The Fed’s minority leader wants to see at least a couple of months of additional evidence that inflation is sustainably descending to the 2% inflation target. The very low (CPI) comparison bases in March […]

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31/01/2024

The Final Piece Fits a Puzzle on Hold

The data flow since November has pointed in this direction, and today’s CPI release seals the deal: the RBA will keep the cash rate on hold next week, and it is unlikely to raise rates further this cycle The data flow since November has pointed in this direction, and today’s CPI release seals the deal: […]
13/08/2024

GBP/USD Eyes Recovery: Key Hurdles In The Way

Key Highlights GBP/USD started a recovery wave from the 1.2665 zone. It broke a major bearish trend line with resistance at 1.2750 on the 4-hour chart. Gold prices could again aim for a move above the $2,500 resistance. The UK Claimant count could change by 14.5K in July 2024. GBP/USD Technical Analysis The British Pound […]
05/12/2023

Sunset Market Commentary

Markets US JOLTS job openings and the services ISM (both still to be published at CET 16:00) and to a lesser extent the ECB consumer expectations survey were supposed to provide some guidance as to whether recent decline in yields could finally slow down. Markets had frontloaded expectations on a first Fed and ECB rate […]