USD/CHF Edges up Ahead of SNB Rate Decision

The Hang Seng Index has transformed into a medium-term uptrend phase with key support at 17,110. Momentum factor is now taking a front seat over fundamentals such as the deflationary risk spiral. A softer than-expected China CPI and PPI prints for April may further erode consumer confidence. A yuan devaluation cannot be ruled out to […]

US inflation came in slightly above expectations, but a jump in weekly jobless claims shifted the focus to the need for further policy easing, dampening speculation that the Fed may not cut rates in November. Consumer prices rose 0.2% m/m in September, the same as the previous month, while annual inflation slowed from 2.5% to […]

Summary We look for the FOMC to keep rates on hold at its December 13 meeting, an expectation that is universally shared. If realized, the third consecutive hold would suggest that, rather than the FOMC merely hiking at a slower pace, the fed funds rate probably has reached its terminal level of this cycle. Both […]