Swiss Franc Edges Lower After Swiss Central Bank Cuts Rates

USDJPY hits new multi-decade highs, following eventual break of key 155.00 zone, where the action was capped in anticipation of intervention from Japanese authorities at these levels. Fading intervention fears unleashed bulls which now focus targets at 156.36 and 157.73 (Fibo projections) with stronger bullish acceleration to open way for attack at psychological 160 barrier […]

The national accounts confirmed that demand growth remained soft. Revisions to past tourism spending have no implications for future inflation but underline that weak supply is still an issue. This week’s national accounts confirm that the Australian economy is still soft. Domestic demand has limped along at a quarterly pace of 0.1–0.2% for a couple […]

Markets What a difference some inflation prints make… Following the Fed’s pivot in November and December of last year, markets rapidly turned to expecting policy rate cuts. The language in official statements changed from assessing to whether any additional policy firming might be appropriate to considering when it would be appropriate to reduce the target […]