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<ul><li>Eurostoxx -1.3%</li><li>Germany DAX -1.2%</li><li>France CAC 40 -1.4%</li><li>UK FTSE -1.4%</li><li>Spain IBEX -1.1%</li><li>Italy FTSE MIB -0.9%</li></ul><p>It's a rough one as the overall risk mood remains on the defensive following the losses t

<ul><li>A lot must go well for inflation to hit 2% in 2025</li><li>We need to see a turnaround in wages</li><li>Policy easing, if and when it happens, will be very gradual</li><li>Rate path priced by markets can be self-defeating</li><li>The more easing markets are doing, the less likely w

<p>Well, this is at least more informative but contradicts her point that the aggressive bets on rate cuts pricing is not helping their task at the central bank. Just by these words alone, it solidifies the likelihood of a rate cut between April to July at least. Not quite the best showing by Lagarde here […]

<ul><li>Inflation is not where the ECB wants it</li><li>But on the right path towards 2% target, though no victory yet</li><li>Too optimistic markets not helpful in fight against inflation</li></ul><p>She's steering clear of any outright pushback, unlike recent commentary from her peers. I

<ul><li>Prior +3.9%</li><li>CPI +0.4% vs +0.2% m/m expected</li><li>Prior -0.2%</li><li>Core CPI +5.1% vs +4.9% y/y expected</li><li>Prior +5.1%</li><li>Core CPI +0.6% vs +0.4% m/m expected</li><li>Prior -0.3%</li></ul><p>Uh oh, looks like the disi

<p>It's not so much a quiet handover from Asia to Europe today as USD/JPY is on the move, rising from around 147.40 to 147.80 on the day. The jump higher isn't too big in terms of magnitude but it comes with big technical significance though. Here's a look at the chart:</p><p>The pair is now looking […]

<p>The dollar sits in a commanding spot going into European trading today, with USD/JPY even racing higher now to 147.75 at the highs for the day. The pair is looking to breach its 100-day moving average of 147.41 and that itself should lend a further bid to other dollar pairs as well.</p><p>So far today, bond […]

<p>Higher yields and a dent to risk appetite were key drivers for the dollar in trading yesterday. And the technical story is one that just added fuel to the fire, leading to the strong moves yesterday. So far today, the dollar is consolidating the gains yesterday although poor data from China is seen weighing on […]

<p>It was a volatile trading period yesterday, with an <a href="https://www.forexlive.com/news/us-empire-manufacturing-index-for-january-437-versus-50-estimate-20240116/" target="_blank" rel="follow">abysmal Empire state manufacturing survey</a> initially keeping markets in check before traders brushe

<p>The Bank of Japan quarterly survey of household inflation expectations was conducted in December:</p><ul><li> 79.3% of Japanese households expect prices to rise a year from now, compared with 86.8% in previous survey</li><li>Japanese households expect inflation to rise by average +10.0% a year from now, median