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In focus today The Polish central bank announces its base rate at 14.30. We expect them to maintain their current rate level of 5.75%. Early Thursday morning, Chinese CPI and PPI for January is released, and set to show another deflation print on the headline and thus continue the downbeat news flow out of China. […]

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03/01/2024

Gold Begins 2024 on a Weak Note

Gold has a cautious start to the new year Technical signals weaken but need confirmation Gold opened the new year with mild losses after its bullish attempts to close above the May 2023 bar of 2,079 proved fruitless in the last week of December. The price is currently trading muted slightly below the 23.6% Fibonacci […]
02/08/2024

Dollar Story a Nuanced One, UST Outperformance More Than Offset by Risk-off on Equity Markets

Markets And the summer slide continues. Core bond yields yesterday dropped another 2.7-10.8 bps in the US & 4.9-7.8 bps in Germany. The front outperformed after a series of US economic data disappointed across the board. Weekly jobless claims rose to the highest in 11 months, Q2 unit labor costs eased sharply to 0.9% and […]
08/12/2023

EURCHF Wave Analysis

EURCHF reversed from support level 0.9420 Likely to rise to resistance level 0.9500 EURCHF recently reversed from the strong support level 0.9420, which stopped the previous strong downtrend in the middle of October. The upward reversal from the support level 0.9420 is likely to form today the Bullish Engulfing – strong buy signal for this […]