Markets The Japanese-inspired core bond selloff eased yesterday. An unconvincing attempt to eke out a few more bps during European dealings was more or less killed off in the US session. Net daily changes for US Treasury yields eventually varied between -2.1 bps to +0.9 bps in technical trading. The German curve shifted similarly by […]
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The struggle continues for the Swiss economy with headline annual inflation hitting 0% again. Core annual inflation is also seen easing further in November, now down to 0.4%. The clock continues to tick down as the SNB contemplates where they want to draw the line before reintroducing negative rates again.
This article was written by Justin Low at investinglive.com.
Bitcoin has become the first thing I look at when I turn my computer on since Monday, since it tells about the risk appetite for the riskiest and most speculative pockets of the market. Unsurprisingly, its correlation to the USDJPY has been notably close in the two sessions that followed Bank of Japan (BoJ) Governor […]
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In focus today In the euro area, focus turns to the final services and composite PMI data for November. The final manufacturing PMI on Monday came in at 49.6 like the flash release of 49.7, so we expect the final composite PMI to be almost as the flash release. In Switzerland, November inflation is released […]
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Daily Pivots: (S1) 1.1602; (P) 1.1615; (R1) 1.1638; More…. EIUR/USD rises slightly today but stays below 1.1655 resistance. Intraday bias remains neutral. On the upside, decisive break of 1.1655 will complete a head and should bottom pattern (ls: 1.1540, h: 1.1467, rs: 1.1490). That would argue that whole fall from 1.1917 has completed as a […]
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Risk sentiment was mixed in Asian trading today. The Nikkei outperformed thanks to a rebound in SoftBank and renewed enthusiasm for tech and AI names, but the index failed to break back above 50,000 psychological level—highlighting lingering hesitation among investors despite the intraday gains. Outside Japan, the tone was considerably weaker, particularly in Hong Kong, […]
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