US Core CPI YoYIt's all about CPI this week as we count down to the Wednesday report.Goldman Sachs is out with its estimate and it's for +0.27% on core and +3.7% y/y. For headline, they see +0.29% and +3.37% y/y.That everyone is suddenly talking about the second...
US major indices are trading marginally higher to start the new trading week
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US stocks set for modest gains at the open, ignoring bonds
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Kickstart the FX trading date for April 8 w/a technical look at EURUSD, USDJPY and GBPUSD
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Yellen hectors China about doling out trade subsidies while announcing more for the US
US Treasury Secretary Janet Yellen travelled to China on the weekend to deliver a message that China must halt subsidies in industries like autos and green energy.Just after touching down from returning, the US announced $6.6 billion in grants for three TSMC chip...
It’s a light economic calendar today but a full astronomical calendar
Happy Monday everyone.The pre-market moves today are moderate but eyes are on bonds with yields continuing to move up. US 10s are up 8.4 bps to the best levels of the day and so far that hasn't led to big US dollar bids but it's creeping higher, led by USD/JPY.The...
ECB Still Heading for a June Cut
The conditions for a rate cut are improving as inflation continues to fall. Growth meanwhile has bottomed out, it seems, and this reduces the pressure for an immediate move. Against this backdrop, the European Central Bank (ECB) is expected to keep rates on hold this...
Currency views from UBS
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Nytanyahu reportedly held a meeting with finance minister Smotrich
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Another new 2024 high for US 10-year yields
US treasury yields have continued to push higher, printing a new 2024 high (also highest since November last year).As commodities stay supported, and as expectations of a higher-for-longer Fed continues to build, it makes sense why yields are pushing higher.The...
ING explains risks that could see US 10-year yields back at 5%
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Yellen says will not rule out tariffs on China’s green exports
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TSMC agreed to 6.6bln subsidy for TSMC Arizona chip production
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Marginal pressure in oil on reports that Iraq made progress with export pipeline to Turkey
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Swiss sight deposits (CHF): 452.13bln vs 448.05bln previous
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What is priced for major central banks before this week’s main events
Not a lot of big changes since last week, but important to see what markets are expecting as we head into this week's main events.RBNZ: Markets are pricing in about a 96% chance of a first cut by the bank at their August meeting. After their recent dovish tilt I don't...
Israeli ground operation in Rafah depends on the hostage deal
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Market Outlook for the Week of 8-12 April
On Monday, SNB Chairman Thomas Jordan is scheduled to speak at an event hosted by the SNB in Zurich. While these events typically don't prompt significant market volatility, it's worth monitoring in case Jordan discusses inflation or potential rate cuts. Following...
Treasury Yields Climb and Investors Anxiously Await March’s Inflation Reading!
Economists expect inflation to rise from 3.2% to 3.4%, but the monthly incline to be lower than the previous month. The Dow Jones sees its worst week of 2024, but stocks rebound on positive employment data. The US economy added a further 303,000 more employed...
Yellen says exchanges with Chinese officials have advanced US interests
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