For the first time in a very long while, it has been European bond markets that have been the driving force globally, not treasuries.
The FED seems set to stay on hold for the foreseeable future but most other G10 central banks should continue to ease.
A degree of divergence seems likely to creep into G10 monetary policy as the Fed pauses while those that have been easing carry on, and those that have not started to...
The euro zone economy is generally expected to grow at a faster pace in 2025 than we saw in 2024. However, this view entails lots of risks, which is one reason why the...
VN-Index is in a sideways up accumulation trend. Trading with thin profit margins continues to be recommended until the new trend is confirmed.
The political crisis in France demonstrates that the euro zone is at an important crossroads.
The Stanrdard Bank currently pitches 2025 growth at 1.0%, which is short of the 1.3% the ECB anticipates and the 1.2% that forms the median projection of analysts...
Many people spoke about a connect between the Fed and the market should former president Trump win the November 5th election.
The market is pretty much pricing in the same amount of policy easing by the ECB over the coming year as the Fed. If it is, could it lend support to the US dollar?
Sterling’s stellar run was reversed quite dramatically yesterday by comments from Bank of England Governor Bailey.
In the past couple of days, we’ve heard Bank of Japan and Bank of England governors suggest that policy rates will likely head for “neutral” as policy is adjusted. The...
The ECB cut rates as widely expected but President Lagarde did not tell us whether rates will be cut again as soon as the next meeting.
Now Mario Draghi is back twelve years later, not as ECB head, but to plead with EU leaders for another ‘whatever it takes’ commitment to pull the region out of a hole.
Last week’s US payroll data was somewhat mixed but, on balance, seemed to tip the debate about 25-bps or 50-bps, for the Fed’s first rate cut on September 18th towards...
While attention is undoubtedly on the prospect for the first rate cut from the Fed later this month, the ECB could deliver its second rate cut in the cycle on Thursday.
As central banks rev up their monetary policy easing cycles, thoughts will undoubtedly turn to the extent of rate cuts that we are likely to see over the cycle.
For much of this year the market has assumed that FED would be amongst the most cautious of the central banks when cutting rates. But just recently the momentum has...
According to experts, the recent interest rate cuts by the European Central Bank (ECB) and the Bank of Canada (BoC) are important moves that signal a broader trend of...
According to experts, the recent interest rate cuts by the European Central Bank (ECB) and the Bank of Canada (BoC) are important moves that signal a broader trend of...
The idea that G10 currencies will not fall against the US dollar as others lead the Fed with their easing cycles will be tested again this week as the ECB and Bank of...
Euro/US dollar has basically not moved for eighteen months and yet the market narrative about monetary policy from the two central banks has shifted a lot this year with...
The monetary easing cycle within the G10 countries is slowly kicking into gear.
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