Jiming Huang / Blog
The European Central Bank meeting next Thursday will indicate the end of asset purchases. Council members say that if inflation remains stable, bond buying should be taper. We think that markets are focused on the pure economic data...
Global equities took a hit on the last trading day of the week as investors reallocates their portfolio toward less risky assets. The move was similar in the FX market with the US dollar extending gains against most of its peers, with the exception of the Japanese yen (up 0...
In a surprise move Switzerland consumer price inflation rose higher then forecasts. The move will certain triggers speculation of quicker normalization of extreme policy. Swiss May CPI came in at 0.4% m/m vs. 0.3% m/m exp (1.0% y/y vs. 0.9% y/y) while core CPI climbed 0.1% m/m and 0.4% y/y...
The single currency extended gains on Wednesday with EUR/USD finally breaking the 1.1745 resistance to the upside and EUR/CHF climbing towards 1.16...
Weakening. By Peter Rosenstreich • Bitcoin is declining after reaching 7753, approaching the 7350 range. The pair is further contained between support and resistance given...
After a brief rally supported by speculation of tight supplies, crude oil crashed. WTI experienced its largest single-day fall since 2017, as supply increases hit the wires...
As widely expected, the Reserve bank of Australia left its official cash rate target unchanged at 1.50%. The overall tone of the statement remains positive with Governor Lowe staying positive on both Australian and global economic developments...
While the market focused on Italy, the US released some interesting data yesterday. ADP for May reported a marginally weaker result than expected 178k verse 190k exp. The BEA dropped Q1 real GDP to 2.2% q/q against 2.3% exp from previously reported 2.3% q/q...
Financial markets continued to benefit from easing political tensions in Italy after Luigi Di Maio, leader of the 5-Star Movement, said he was ready to go back on his decision to pick economist Paolo Savona for finance minister. Nevertheless, he will stick to Giuseppe Conte for prime minister...