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<ul><li>Inflation will continue to slow down</li><li>We will be able to lower interest rates</li><li>Lowering interest rates should happen "some time" in 2024</li></ul><p>This is one of the more dovish commentary ever since the ECB policy meeting last week. Villeroy is breaking the ran

<ul><li>Likelihood of achieving inflation target is slightly higher but we want to look at more data</li><li>Food price inflation is finally past the peak</li><li>Want to look at wage trends, future wage moves and impact on prices/inflation</li></ul><p>Again, all of this just continues to pin th

<ul><li>Inflation seen falling to 2.5% in 2024 (previously 2.6%)</li><li>Inflation seen falling below 2% in Q1 2025 to average 1.8% in 2025</li><li>French growth seen at 0.8% in 2023 (previously 0.9%)</li><li>French growth seen at 0.9% in 2024 (unchanged), and 1.3% in 2025 (unchanged)</li></u

<p>The Japanese yen is the main mover today, slumping hard as the BOJ once again disappointed yen bulls by sticking to the status quo. USD/JPY is now up 0.5% to 143.50, moving up from around 142.60 earlier going into the BOJ decision. Apart from that, the dollar is keeping steadier amid some light pushing and […]

<p>Here's a snapshot of 10-year yields and 30-year yields for Japanese government bonds (JGBs):</p><p>The former is the more crucial one and is down roughly 3 bps to 0.641% currently. That's a far cry from the sudden spike up to 0.80% earlier this month when traders took BOJ governor Ueda's remarks out of context fo

<p>By my record, you'd have to go all the way back to 2013 for the S&amp;P 500 to observe such a winning streak. During that stretch, the index gained by "just" 6.8%. This time around the index is up a whopping 15.1% in those eight weeks, based on yesterday's close. Talk about a Santa Claus […]

<p>As a result of leaving policy unchanged <a href="https://www.forexlive.com/centralbank/bank-of-japan-leaves-negative-rates-and-ycc-1-ceiling-rate-unchanged-20231219/" target="_blank" rel="follow">here</a>, USD/JPY jumped up by roughly 100 pips and is consolidating gains around 143.50 now. Of note,

BoJ Leaves Rates, Forward Guidance Unchanged; RBA Minutes Show No Surprises; NASDAQ 100 Index Nears All-Time High; Crude Oil Continues to Gain on Houthi Threat

The AUD/JPY registered solid gains of 0.55% on Monday, taking advantage of a scarce appetite for safe-haven assets, with speculators eyeing central bank rate cuts for the next year.

<p>Goldman Sachs popped out a report last week in which they argued that 2023 was the year the cryptocurrency markets evolved further and were adopted by institutions:</p><ul><li>“The institutionalization of the market was most evident in the derivatives market”, with the growth of trading interest and volumes on the Chicago