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The rally in US bonds continued at full speed yesterday and bonds are set to record their best month since the GFC this November. The US 2-year yield tumbled to almost 4.60% yesterday from nearly 5% at the start of the week. While the 10-year yield rebounded after hitting 4.25%. That makes an almost 40bp […]

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Deflationary Spiral Still a Recurring Risk in China, But Yuan Remains Resilient

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13/05/2024

EUR/USD Could Extend Gains Unless This Support Fails

Key Highlights EUR/USD started a decent increase and climbed above 1.0750. A key bullish trend line is forming with support at 1.0700 on the 4-hour chart. Gold prices cleared the $2,335 resistance to move into a positive zone. Oil prices are showing bearish signs below the $80.00 region. EUR/USD Technical Analysis The Euro started a […]
13/04/2024

Canadian Inflation to Tick Higher as BoC Considers Rate Cuts

The Bank of Canada will be focused on the March Canadian consumer price index report next Tuesday after another upward surprise in U.S. price growth created doubt about the U.S. Federal Reserve’s rate-cutting plans this year. Slower price growth in Canada in recent months and a sharply underperforming Canadian economy have “increased confidence” among BoC […]
21/03/2024

March FOMC Meeting: Still Building Confidence

Summary As was widely expected, the FOMC left the fed funds target range unchanged at 5.25-5.50% at the conclusion of its March meeting. The Summary of Economic Projections showed that the vast majority of the Committee continues to believe some easing of policy will be appropriate this year. The median projection for the federal funds […]