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In focus this week Today, the US election takes place and is the major highlight of the week. Over the weekend, Harris’ odds in prediction markets have risen sharply, but swing state polls continue to signal a very close race. Michigan, Wisconsin and Pennsylvania are the most likely tipping points of the election. Tomorrow morning, […]

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05/12/2024

Sunset Market Commentary

Markets Very few market-moving data in the US and EMU today. US markets are counting down to tomorrow’s US payrolls. This report, together with the US November CPI data (to be released on Dec 11), will provide concluding data evidence for the Dec 18 Fed policy meeting. US markets still only discount about 75% of […]
13/12/2024

Week Ahead – Fed, BoJ and BoE Conclude End-Year Policy Decisions

Fed seen cutting in December, pausing in January BoJ leans towards keeping rates steady BoE seen ending 2025 on the sidelines as well Flash PMIs, UK and Canada CPIs, and core PCE also on tap Fed seen taking the sidelines in January Following the RBA, the BoC, the SNB and the ECB, the central bank […]
08/11/2024

GBPUSD Wave Analysis

GBPUSD reversed from support level 1.2840 Likely to rise to resistance level 1.3050 GBPUSD currency pair recently reversed up from the support level 1.2840 (which stopped the previous intermediate correction (A) at the end of October). The upward reversal from the support level 1.2840 created the daily Japanese candlesticks reversal pattern Piercing Line. Given the […]