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The European Central Bank (ECB) and the Bank of England (BoE) refused to join the Federal Reserve (Fed)-thrown pivot party. Both Christine Lagarde and Andrew Bailey declined to discuss cutting interest rates judging a policy loosening too early as the inflation threat looms. BoE’s Bailey pointed at the possibility of another rate hike, as three […]

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After Recent Sharp Decline in Yields, Market Dynamics Might Gradually Change a Bit

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06/03/2024

NZD/JPY Technical: Failure Bullish Breakout Indicates Potential Softness (JPY Strength) Ahead

3 key risk events that may significantly influence the movement of NZD/JPY; Japan’s FY 2024/2025 annual wage negotiations preliminary results (15 March), BoJ’s monetary policy outcome (19 March) & Fed FOMC and release of its latest dot plot (20 March). Technical analysis has indicated a potential medium-term bearish momentum on sight for NZD/JPY. Watch the […]
29/08/2024

EUR/USD – ECB Keeping Close Tabs on German, Eurozone CPI

The euro has extended its decline on Thursday. In the European session, EUR/USD is trading at 1.1095 at the time of writing, down 0.22% on the day. The US dollar has rebounded against the euro this week, climbing 0.89%. German and eurozone inflation expected to ease in August Inflation is expected to ease in Germany […]
20/02/2024

New Fed Call

In focus today This morning we will get the National Accounts for Q4 2023 in Denmark. We expect the numbers to show a sharp rebound in GDP growth to 1.0% q/q in Q4 after the 0.7% decline in Q3. Both the decline and the rebound are driven by industrial production which again is primarily driven […]