As market participants eagerly await the Swiss National Bank’s (SNB) rate decision today at 0730 GMT, the financial community is abuzz with speculation on whether the SNB will continue its rate-cutting trajectory or choose to pause. Given the mixed economic signals and the backdrop of global monetary policies, this decision is particularly fraught with uncertainty….
Euro saw an indecisive trading Tuesday with a tight whipsaw in EURUSD waiting for fresh catalyst. With the US market out on a holiday and little to move thighs from the Eurozone we expect to see the indecision to continue though we are keeping a bearish overall bias given the widening rate differential. Calendar wise…
Today’s CPI release from the UK is seeing more interest than usual as the consensus forecast calls for the figure to fall back into the target of 2.0%. Should we get things as expected then it would suggest that expectations of a rate cut in August will push through. Fail to push to zero and…
Today’s CPI release is pivotal for the UK, especially given its timing just before the Bank of England’s (BoE) Monetary Policy Committee (MPC) meeting tomorrow. Set for release at 7:00 BST (GMT+1), the CPI data for May will be closely scrutinized for signs that inflation is aligning with the BoE’s projection of hitting the 2%…
The Bank of England is largely expected to keep rates steady in its MPC meeting Thursday with expectations largely calling for a rate cut only in August. Current expectations aside however the latest CPI figures will likely provide guidance for the market, consensus forecast calls for a return to the target rate of 2.0%, failure…
As the Reserve Bank of Australia (RBA) gears up for its meeting today, 0430GMT, all signs point towards a hold on the current cash rate at 4.35%. The focus of the market and analysts is not on changes to the rate itself but rather on the RBA’s forward guidance amid contrasting economic signals. Current Economic…
As we navigate through the midpoint of June, the financial markets continue to digest a slew of economic data and central bank insights from last week, setting the stage for pivotal developments in the week ahead. Key focal points include the U.S. Federal Reserve’s rate outlook, unfolding political dynamics in Europe, and continued volatility in…
At this point markets more or less know where OPEC stands with regard to production and the question for us is the demand side. With the US driving season already here we should expect demand to pick up at the very least proving a good floor for prices. Throw in speculations over the impact of…
With central banks recognizing the easing of inflation pressures across the globe we question just how much upside there is for Gold. Consider that the push for historical highs was driven by Central Banks buying the yellow metal and investors hedging for inflation. Who else is there to buy particularly if the whales are already…
Latest talk among Bitcoin ETFs continue to focus on outflows with the past week seeing only one Wednesday with a net inflow of a mere $100 million as against the consistent withdrawals of late. We are forced to ask has walls streets clientele wizened up about holding the bag when the music stops. While crypto…
