The Week Ahead – Will US Inflation Data Derail Market Optimism?

This week was dominated by events in the US. The FOMC kept policy rate unchanged at its Wednesday meeting as widely expected. The median of the updated dot plot now signals only one cut for this year, but it remains a close call. While four members expect no cuts, seven members lean towards one cut, […]

USDCHF broke key support level 0.8570 Likely to fall to support level 0.8400 USDCHF under the bearish pressure after the pair broke the key support level 0.8570 (former multi month low from July). The breakout of the support level 0.8570 accelerated both of the active impulse waves 3 and (3). Given the clear daily downtrend […]

Summary Another strong beat in payroll growth in February masked other signs of softening in the jobs market. Nonfarm payrolls surpassed consensus expectations for a 200K increase by rising 275K last month, with gains broadly-based across industries. Even with some meaningful downward revisions to the prior two months, the three-month average pace of job growth […]