Polish Consumers Show Renewed Enthusiasm In November
Image Source: Pexels November retail sales exceeded expectations as purchases continued to improve after a surprisingly weak September. Data indicates that private consumption, which hit a soft patch in 3Q24, improved again, remaining the main driver of economic growth in 2024. We see upside risk to our forecast of economic growth of 2.7% this year.Retail sales of […]
Riksbank And Banxico Cut Interest Rates By 0.25%
Image Source: Pexels At the end of Thursday, the Dow Jones Index (US30) was up 0.04%. The S&P 500 Index (US500) decreased 0.09%. The Nasdaq Technology Index (US100) lost 0.47%. The US economic reports released on Thursday were mostly stronger than expected and pushed bond yields to a 6-month high, which pressured the indices. The US […]
Brent Oil Under Pressure Again: USD And China In Focus
Photo by Timothy Newman on Unsplash Brent crude oil prices fell below 73 USD per barrel on Friday, reflecting ongoing downward pressure. The market is poised to close the week with losses as a robust US dollar weighs heavily on commodity prices.This week, the US Federal Reserve signaled a measured approach to reducing borrowing costs in 2025, sending […]
A Global Currency Crisis Has Begun
Image Source: Pixabay While everyone is hanging on the Fed and the FOMC’s indecision about how many rate cuts next year, there are currency crises – plural – beginning to break out in key places. One of those is Brazil where it has gotten so dangerous the country’s central bank is now regularly intervening in FX […]
XAUUSD Is Under Pressure Amid Hawkish Fed Outlook
XAUUSD holds near $2,600, facing weekly decline Fed projects cautious easing, two rate cuts projected for 2024 Strong US GDP and spending limit gold’s appeal Weak demand in India expected to hurt gold imports Despite challenges, gold up 26% YTD Gold hovers right above $2,600 level, poised for a weekly drop due to the Federal Reserve’s hawkish stance. Midweek, the Fed signaled a cautious approach to further monetary […]
EUR/USD Trades With Caution As Fed’s Hawkish Cut Boosts US Dollar’s Appeal
EUR/USD holds the immediate support of 1.0340, but the Fed’s hawkish cut weights on the pair in the broader term. Investors await the US PCE inflation data for fresh guidance on the US interest rate outlook. ECB’s Patsalides pushes back bigger rate cut prospects and supports gradual policy easing. EUR/USD slightly recovers but trades cautiously near […]
End Of Week Macro Reflections
Image source: Pixabay We saw three big central bank decisions this week and the results were consistent with the way things have been going. In recent months, there has been a clear divergence in monetary policy between the Fed and other major central banks.Video Length: 00:02:04More By This Author:BOE Decision Preview – Thursday, Dec. 19Fed Dot […]
China Yields Collapse
Treasury yields rose sharply following the Fed meeting on Wednesday, yet they are collapsing in the world’s second-largest economy, China. While our economy is robust, large foreign economies, including China, struggle. Our recent article Global Conditions and Commentary, highlights the strong historical relationship between the global economy and the U.S. Moreover, it summarizes the economic stagnation facing most […]
Sensex Today Trades Flat; Nifty Below 24,000
Asian stocks declined and the dollar rose as investors awaited the release of the Federal Reserve’s preferred inflation gauge for fresh clues about its policy outlook.A key gauge of regional shares fell 0.2% early Friday, with losses in Australia and South Korea. Japan was an outlier after the yen weakenedUS stock futures fell on Thursday […]
GBP/USD Forecast: Sterling Outlook After The BoE, Fed Decisions?
Photo by Colin Watts on Unsplash The GBP/USD pair has slumped after the Bank of England decision. The BoE left interest rates unchanged at 4.75% as expected. Economists expect more aggressive interest rate cuts. The GBP/USD exchange rate dived to its lowest level since May 2024 as the US dollar index surge gained steam. It dropped to […]
