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Markets EUR/GBP spiked from 0.8325 to 0.8375 following September UK inflation numbers, but the euro isn’t strong enough these days to profit from GBP-weakness. Even as UK yields drop 8 bps (30-yr) to 11 bps (2-yr) across the curve. Headline inflation was flat in M/M-terms, resulting in the first sub-2% inflation print since April 2021. […]

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29/03/2024

Bitcoin Fails to Surpass $71K this Week

Market picture The cryptocurrency market is up 0.3% in 24 hours to $2.66 trillion, but it’s not due to reduced volatility. Bitcoin and Ethereum are trading close to the previous day’s levels. Among the top coins, Doge (+7.4%) and BNB (+3.8%) are the best performers. At the other end of the spectrum are Avalanche (-1.3%) […]
11/04/2024

Dollar Index Continues to Benefit from Hotter Than Expected US Consumer Prices

The dollar index keeps firm tone and rises further on Thursday after surging over 1% on Wednesday (the biggest one-day gains since 3 Feb 2023), lifted by hotter than expected US inflation data, which dropped bets for the start of Fed’s policy easing cycle in June. Fresh acceleration higher has fully reversed 104.83/103.61 corrective leg […]
08/11/2024

Japan’s Consumer Spending Slips, Yen Extends Gains

The Japanese yen has posted gains on Friday. In the European session, USD/JPY is trading at 152.38, down 0.36% on the day. The yen has taken traders on a roller-coaster ride this week, plunging 2% on Wednesday and rebounding on Thursday with a 1.1% gain. Japan’s household spending declines 1.1% Japan’s household spending fell by […]