Crofts

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower the benchmark interest rate by 25 basis points at the December policy meeting and responds to questions from the press. Key quotes "I don't think about market pricing of rate hikes." "We have not di

Summary The Bank of Canada (BoC) delivered a large 50 bps rate cut for the second meeting in a row at today's announcement, lowering its policy rate to 3.25%. While acknowledging an overall softening in growth, the BoC's economic assessment was somewhat balanced, noting areas of both strength and we

The Aussie has bounced up from year-to-date lows with the negative bias intact. Investors are wary of betting against the US Dollar with USD data on tap. The RBA softened its us¡ual hawkish tone on Tuesday and increased pressure on the Aussie. The Australian Dollar trimmed some losses during Wednesd

Since 2019, private sector debt in emerging countries as a whole has risen as a percentage of GDP, while at the same time private sector debt in advanced countries has fallen. However, a country-by-country analysis shows that China alone is responsible for this increase and that, even excluding Chin

NZD/USD faces an intense sell-off amid uncertainty ahead of China’s two-day annual economic conference. The RBNZ is expected to cut interest rates by 50 bps in the policy meeting in February 2025. The next move in the US Dollar will be influenced by the US inflation data for November. The NZD/USD pa

Hello traders. Welcome to another blog post where we share how members of Elliottwave-Forecast trade using the Elliott wave theory. In this post, the spotlight will be on the Bank of America Corporation BAC, which has the ticker $BAC. BAC is one of the stocks still recovering from the 2008 global fi

Markets Rassemblement National’s Le Pen in interview with Bloomberg caused a sigh of relief across markets. After supporting the motion of no confidence that brought down the Barnier government, she’s opened up to any new Prime Minister as long as he/she presents a budget that pencils in a “reasonab

#EURCHF# Eurozone November preliminary CPI +2.3% vs +2.3% y/y expected. This is in line with estimates which is a short due to no surprises.

Strong momentum suggests further Pound Sterling (GBP) strength; overbought conditions could limit any advance to a test of 1.2715. In the longer run, outlook has shifted from negative to positive; any advance is likely a recovery, potentially testing the resistance at 1.2755, UOB Group’s FX analysts