Swiss Franc Hits 4-month High, GDP Beats Forecast

Key Highlights EUR/USD started a fresh decline below the 1.0820 support zone. A key bearish trend line is forming with resistance at 1.0875 on the 4-hour chart. Gold prices rallied further above the $2,250 resistance. The US ISM Manufacturing Index could increase from 47.8 to 48.4 in March 2024. EUR/USD Technical Analysis The Euro started […]

This week, we published our updated economic projections for the major economies and the Nordics, see Nordic Outlook – Return to Nordic growth, 5 March. While political risks remain high, the global economy is performing better than feared. The Nordic economies are currently in stagnation or mild recession, but our forecasts point to gradual return […]

U.S. Highlights After an eerily calm few months, a fresh dose of volatility descended across global financial markets this week. Top Fed officials speaking this week noted that they are getting ‘closer’ to cutting interest rates. Financial markets have fully priced the first cut to come in September. Retail sales and industrial production data for […]