Euro zone business activity showed slight improvement in March – PMI
Euro zone business activity was closer to returning to growth in March, although the recovery was uneven as recovery in services activity accelerated, while strong downturn in manufacturing sector extended.
Eurozone composite…
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USDCHF spiked to 4-month high as SNB rate cut deflates Swiss franc
The USDCHF jumped 1% in early European session on Thursday, following a surprise decision of the Swiss National Bank to cut interest rates by 25 basis points, as markets widely expected the central bank to keep rates unchanged in today’s…
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Swiss National Bank surprised market by 25 basis points interest rate cut
The Swiss National Bank cut its main interest rate by 25 basis points to 1.50%, against wide expectations to keep rates on hold at 1.75%.
Surprise decision made the SNB the first major central bank to start easing tighter monetary…
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WTI oil price falls on profit taking from new multi-month high
WTI oil price pulls back from new 4 ½ month high ($83.10), down 1.6% for the day so far, as traders collected profits ahead of Fed policy announcement.
The oil price accelerated higher recently on fresh concerns about oil supply,…
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USDJPY – bulls pressure multi-decade highs at 150.90/94 ahead of Fed’s verdict
Strong bullish acceleration extends into the second consecutive day, pushing the price close to key barriers at 150.90/94 (multi-decade peaks hit in 2023 and 2022).
The Japanese yen came under increased pressure from BoJ’s dovish hike…
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Dollar index – bulls hold grip on expectations that the Fed will keep hawkish stance
The dollar index continues to trend higher and hit two-week high on Wednesday, benefiting from the hawkish outlook from the Fed, as the central bank will deliver its monetary policy decision later today.
The central bank is not expected…
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Pullback pauses above strong support zone, awaiting fresh signals from Fed comments
Bitcoin bounced above $63000 on Wednesday morning after the pullback from new record high found a footstep just above significant Fibo support at $60340 (38.2% of $38501/$73839 rally) anthological $60000 level.
Technical studies on daily…
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UK inflation falls below expectations and adds to expectations for BoE rate cuts later this year
British inflation eased slightly more than forecasted in February, adding to expectations that the Bank of England would start cutting interest rates in coming months.
Annualized consumer prices rose by 3.4% in February, the lowest…
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Canada’s inflation eases below expectations in February and fuels bets for rate cut in June
Canada's inflation rate eased below expectations in February, and closely watched core inflation, stripped for the most volatile components, eased to the lowest in more than two year lows, boosting bets for a June rate cut.
Annual…
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German economic sentiment improved well above expectations in March – ZEW
German investor morale improved much more than expected in March, fueled by fresh signals that the ECB may start cutting interest rates soon and better than expected recent economic data from China.
ZEW economic institute report showed a…
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