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Markets Today’s PMIs marked the end of a busy week. They would either confirm or challenge yesterday’s ECB en BoE case for signaling steady rates for the foreseeable future. It turned out to be the latter for Frankfurt, triggering Bund outperformance vs US Treasuries. German yields currently drop 2.4 (2-y)-9.9 bps (30-y). The 10-y came […]

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20/09/2024

Canadian GDP to Show Modest Growth in July But Below BoC Forecast

Canada’s gross domestic product report for July next Friday will be closely watched to see if cooling in the economy in late Q2 extended into Q3. Early reports are pointing to a 0.1% increase in July GDP that would be slightly higher than the advance estimate for an unchanged reading a month ago but would […]
15/05/2024

USDJPY Waits for Next Tailwind Near Key Barrier

USDJPY bulls face limitations ahead of the US CPI inflation figures Short-term risk tilted to the upside, but confirmation required above 156.60 USDJPY recouped more than half of its sharp losses that occurred at the start of the month thanks to the bounce off the 50-day simple moving average (SMA) near 151.84. But the bulls […]
29/04/2024

US 500 Cash Index in the Green Ahead of Fed

US 500 index is edging higher, a tad below the 50-day SMA Bulls are feeling more confident following strong tech earnings Momentum indicators are mixed at this stage The US 500 cash index is trying to record its third consecutive green candle today as the bulls are probably feeling relieved following the recent strong tech earnings […]