Category: Analysis

Equity markets are regaining lost ground this morning as the losses associated with yesterday’s higher than expected US inflation gauge are steadily regained. The FTSE…

Markets ECB’s Schnabel triggered some unexpected market action yesterday. The German board member lived up to her hawkish reputation by noting that talk about rate cuts…

EU mid-market uUpdate: UK’s Hays mentioned slowing hiring trends globally in Dec; ECB dove says no need to wait until summer for rate cuts.

Gold price (XAU/USD) comes under some renewed selling pressure on the first day of a new week and drifts back closer to over a two-week low touched in the aftermath of the better-than-expected US monthly jobs data on Friday.

Over the last two months, the balance in the Fed Bank Term Funding Program (BTFP) has surged, and the pace of borrowing appears to be increasing.

Yesterday’s market reaction to EMU and US eco data suggests that the bottom below core bond yields is becoming firmer after the significant November/December correction. Energy-related base effects and travel-related services costs caused a new uptick in national German/French inflation data, though in line with forecasts.

Crude oil price settles above the EMA50 after the strong bullish rally that it witnessed yesterday, to hint the attempt to recover and turn to rise, but we notice that stochastic shows clear negative signals that might force the price to decline again.

Asia market update: Equity markets begin 2024 mixed; Japan closed for holiday; USD generally rises, UST FUTs decline post holiday.

EUR/USD reversed its direction and registered daily losses after touching its highest level since late July at 1.1140 on Thursday. The pair trades in a tight channel below 1.1100 early Friday and it might have a difficult time finding direction, with trading conditions thinning out on the last trading day of the year.

The Euro is looking for direction on a light session on the last trading day of the year. The pair´s reversal from 158.45 has been contained at the 156.10 support area with 1.57.00 capping bulls so far.