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The SNB has trimmed the policy rate by 0.25%, in line with market consensus and our own pre-announcement call. That said, while a decision to cut rates was never in doubt, some market participants...
MON: Market Holiday: Japan (Autumnal Equinox); EZ, UK & US Flash PMIs (Sep), US National Activity Index (Aug) TUE: RBA Policy Announcement; German Ifo (Sep), US Consumer Confidence (Sep),...
MON: US & Canada (Labor Day), EZ & UK Final Manufacturing PMIs (Aug), Chinese Caixin Manufacturing PMI Final (Aug) TUE: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US ISM...
USD: Consolidation or base-building? There is quite a popular view out there that with 100bp of Fed cuts priced by the end of this year and a terminal rate already priced at 3.00%, the dollar does...
USD: Price action is dollar negative DXY is this morning breaking under 102.16 - the low seen during the flash crash of Monday 5 August. There is no flash crash underway today and instead, the...
USD: Everyone expects a soft inflation number today There is a very strong consensus around a 0.1% month-on-month core PCE deflator for May today. Remember this is the Federal Reserve's preferred...
SUN: JMMC and OPEC+ Meetings. MON: Chinese Final Caixin Manufacturing PMI (May), EZ/UK/US Final Manufacturing PMIs (May), US ISM Manufacturing PMI (May). TUE: South Korean CPI (May), Swiss CPI...
USD: Fed's speed bump just got bigger Friday's strong US jobs report has added to the bumpy path of US disinflation and Federal Reserve rate cuts. At the start of this year, the Fed was comfortably...
SNB’s final monetary policy meeting of the year - Will it surprise market participants again?The Swiss National Bank is due to meet to discuss and set Monetary Policy again for the last time in...
USD: Tracking Treasuries Wednesday's session was all about the US bond market and the sell-off at the long end of the curve. US 30-year Treasury yields were briefly 15bp higher. And far from the...
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