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SNB surprised with a 50bp cut to bring policy rate to 0.5%. Markets were split between a 25 and 50bp cut. USD/CHF was last seen at 0.8938 levels, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. Safe-haven characteristic of the CHF may play up “There was a slight tweak in the statement t

A measure of wholesale prices rose more than expected in November, adding fuel to the belief that progress in bringing down inflation has slowed, the Bureau of Labor Statistics reported Thursday. The producer price index, or PPI, which measures what producers get for their products at the final-dema

The Pound Sterling trades sideways but remains firm on the assumption that the BoE will keep interest rates steady on December 19. Traders expect the BoE to cut interest rates at a slower pace when compared to other central banks in Europe and North America.. Markets fully price in that the Fed will

EUR/USD moves higher around 1.0520 with investors focusing on the ECB’s monetary policy decision at 13:15 GMT. The ECB is almost certain to cut its Deposit Facility rate by 25 bps to 3%. No surprise in the US CPI data cemented Fed rate cut bets for next week’s meeting. EUR/USD gains sharply around 1

The macro background seems to continue supporting a strong USD following the newly released CPI. Inflation in the United States climbed for the second consecutive month, remaining above the Fed’s target of 2%. The US non-farm payroll for November came to be stronger than expected, while the unemploy

Gold prices are being supported by a shift in Chinese monetary policy, and geopolitical developments. China has resumed gold purchases after a six-month pause. From a technical perspective, gold is currently caught between support at $2650 and resistance at $2700. A break above $2700 could signal fu

China's repeated declarations to stimulate its economy have largely not been followed by substantive actions. Despite promises made at the Politburo meeting in late September and reiterated in December to enhance fiscal spending and stabilize the real estate and stock markets, tangible results have

As we cap off the week, Asian markets tiptoe cautiously, mimicking the subdued pace of U.S. markets amidst anticipation for the November employment report, set to be unveiled after Asian markets wrap up. This key piece of data, released later today, might prompt investors across Asia to adjust their

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