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Markets Several ECB policymakers hit the wires today, including Holzmann, de Guindos and heavyweight Schnabel. As a loyal hawk it was no surprise for Holzmann to caution against easing before the central bank is certain of inflation’s return to 2%. De Guindos stuck to the official guidance of a June cut without committing to anything […]

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Weekly Economic & Financial Commentary

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31/01/2024

Focus Turns to the Fed

In focus today Tonight at 20:00 CET the rate decision of this week’s meeting in the FOMC is announced. We expect no monetary policy changes. With no new economic projections, focus will be on Powell’s remarks in the press conference starting at 20:30 CET. We do not expect the meeting to be a major market […]
23/07/2024

GBP/USD Sees Pullback But Key Support Intact

Key Highlights GBP/USD started a downside correction from the 1.3050 zone. It traded below a connecting bullish trend line with support at 1.2970 on the 4-hour chart. Gold prices corrected gains and traded below $2,425. Oil prices extended losses and declined below the $80.00 level. GBP/USD Technical Analysis The British Pound remained in a positive […]
02/09/2024

Sunset Market Commentary

Markets Trading slowed down to a trickle today in absence of US investors (Labour Day holiday) and amid an empty EMU eco calendar. A lot of ink has been spilled about this week’s key US eco data and their impact on markets and Fed policy. It allows us to have a look at this week’s […]