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Markets The ECB lowered the key policy rate by 25 bps to 2.75%. The fifth reduction was unanimous, widely expected and came with some minor tweaks to the statement. While inflation is converging to the 2% target, the ECB scratched the notion that domestic inflation is edging lower. Instead it now only states that it […]

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18/07/2024

Change of Heart from Fed Governor Waller Significant

Markets We’ve given Fed governor Waller plenty of attention this year. He’s been the voice of the large minority inside the Fed who from the beginning of the year has been pushing to keep policy rates at their peak levels for longer. Markets had to gradually retrace from huge easing bets at the beginning of […]
25/03/2024

Gold Pulls Back from All-Time High

Gold moves horizontally within 2,145-2,195 MACD and RSI lose steam Gold prices have been moving lower over the last couple of days after the bullish spike towards the all-time high of 2,222.68 that was posted in the preceding week. The market has been developing within a narrow range of 2,145 to 2,195 since March 7 […]
12/07/2024

USD/JPY Plummets After US CPI Release: Is BOJ Stepping In?

Key Highlights USD/JPY dived over 250 pips from the 161.80 resistance zone. It traded below a key bullish trend line with support at 160.90 on the 4-hour chart. The US CPI slowed more than expected and came in at 3% in June 2024 (YoY). There were speculations of BOJ’s intervention after USD/JPY declined over 2%. […]