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Markets The biggest moves in markets ahead of tonight’s Fed policy meeting happened in the Japanese yen. A not completely expected rate hike to 0.25% by the Bank of Japan this morning, accompanied by a bond taper programme, took some investors off guard. In a hawkish presser afterwards, governor Ueda said that if the economy […]

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02/04/2024

Sunset Market Commentary

Markets Core bonds dropped with a continued rise in oil prices ($88.5/b) serving as a common factor. German Bunds underperform US Treasuries. That’s partially a catch-up move as European markets missed out on US action yesterday (Easter Monday). German yields add between 1 (2-y) to 14.3 bps (30-y). The curve steepening (less inverse) happens against […]
29/06/2024

The Weekly Bottom Line: Services Spending and Prices Starting to Settle

U.S. Highlights Headline PCE inflation came in flat for the month of May and core PCE inflation eased. Personal income posted a strong gain last month, while spending growth was more moderate, leading to an uptick in the savings rate. The heat in the economy still looks mainly to be in the service sector, as […]
18/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish reaction off the 1st resistance and fall towards the 1st support. The 1st resistance level at 102.62 is identified as an overlap resistance that aligns close to the 38.20% Fibonacci retracement level. Higher […]