Myrna

扶我起来我还能战。不出了

Markets German Bunds outperformed US Treasuries and UK Gilts yesterday as we approach final policy meetings of respective central banks which are set to widen their diverging views. The ECB will on Thursday conduct a third consecutive (and 4th in total) 25 bps rate cut. A possibly slightly lower GDP

Fed Tomorrow’s CPI data is huge, but only if we get 0.4s on the release. I wrote about this yesterday, and after the NY Fed Inflation Expectations Survey offers another data point suggesting inflation is getting sticky around 3%... I don’t think the Fed will cut if we get 0.4 on both Headline and Co

Sentiment in Chinese equities reversed suddenly to a significantly more bullish state after the Politburo – which is the highest-decision making bodies within the Communist Party – pledged to embrace a ‘moderately loose’ monetary policy in 2025. Now, all eyes are on the Central Economic Work Confere

The ongoing conflict between Russia and Ukraine has raised concerns about the possibility of it escalating into a global conflict, potentially leading to World War III. While such a scenario remains speculative, the economic impact of a large-scale war would be profound, affecting various sectors of

The US Dollar (USD) is trading a little softer overall in quiet trade. Overnight news is relatively limited and the softer USD tone rather reflects the decline in US yields seen yesterday, a modest relief rally for the EUR and some JPY gains on the back of mixed/slightly hawkish comments from the Bo

The New Zealand Dollar (NZD) is expected to trade in a 0.5830/0.5890 range. In the longer run, NZD is expected to trade in a 0.5830/0.5930 range, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. Bulls can test 0.5890 near term 24-HOUR VIEW: “Our view for NZD to trade in a 0.5860/0.5900 r

Reuters is carrying a story on Wednesday, citing that South Korean opposition parties submitted an impeachment bill against President Yoon Suk Yeol. The vote on the impeachment bill could take place either on December 6 or 7. Market reaction USD/KRW erases earlier gains to trade 0.25% lower on the d

EUR/USD softened on Tuesday, ending a bullish recovery attempt. Final EU PMIs, ECB Lagarde appearance unlikely to move the Fiber needle. US data focus shifts to Fed Chair Powell appearance, Friday NFP jobs print. EUR/USD turned lower once again on Tuesday, grappling with the 1.0500 handle as Fiber f

December is Santa rally territory and so far, it’s got off to a good start. European equity markets are a sea of green on Tuesday, and French markets are bouncing back. The Cac 40 is higher by more than 1%, led by Hermes and LVMH, as China indicates that it could provide more stimulus as early as ne

Federal Reserve Bank of New York President John Williams said on Monday that the Fed officials will likely need to cut the interest rates further to move policy to a neutral stance now that risks to inflation and employment have become more balanced, per Bloomberg. Key quotes One could argue a case